We’ll add more market news briefs throughout the day. Check back to read the latest.
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”]
[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]
Yesterday’s most recent market news:
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.
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