Daily market update: Nov. 5, 2015

We’ll add more market news briefs throughout the day. Check back to read the latest.

RealtyTrac’s Q3 Home Sales Report:

• The average price gain for sold homes in the third quarter of 2015 was $40,658.
• This is the highest average price gain since Q3 2007.
• The average sale price of single-family homes and condos was up 0.2 percent from the previous quarter and up 2.4 percent year-over-year.

Mortgage Bankers Association’s October 2015 Mortgage Credit Availability Index (MCAI):

• The MCAI increased 1.5 percent to 128.4 in October 2015.
• The Conforming MCAI saw the greatest loosening, up 2.7 percent month-over-month.
• The Government MCAI was up 1.9 percent.

Zillow’s mortgage application research:

• The denial rate for 2014 conventional mortgage applications was 11.2 percent, down 1.2 percent from 12.4 percent in 2013.
• For black applicants, the denial rate fell from 27.6 percent in 2013 to 23.5 percent in 2014 — a 4.1-percent drop.
• For white applicants, the denial rate fell from 10.4 percent in 2013 to 9.4 percent in 2014 — a 1.0-percent drop.

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]