Tell us about mobile technology in your business for a chance to win an iPhone 6s. Take our survey!
Check Inman every day for the daily version of this market roundup.
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”]
Friday, Nov. 13:
Mortgage Bankers Association’s Builder Application Survey for October 2015:
- Mortgage applications for new-home purchases decreased 8 percent month-over-month.
- Conventional loans comprised 67.2 percent of loan applications; FHA loans, 19.2 percent.
- The average loan size for new homes decreased to $320,881 from $324,884 in September.
Thursday, Nov. 12:
Freddie Mac’s Primary Mortgage Market Survey:
- For the week ending November 12, the rate for the 30-year fixed-rate mortgage averaged 3.98 percent with an average 0.6 point, up 0.11 percent from the previous week.
- The 15-year fixed-rate mortgage averaged 3.20 percent with an average 0.6 point, up 0.11 percent from the previous week.
- The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.03 percent with an average 0.4 point, up 0.7 percent from the previous week.
RealtyTrac’s October 2015 U.S. Foreclosure Market Report:
- Foreclosure filings increased 6 percent from September to October, marking the largest monthly increase in foreclosure starts since August 2011.
- The company attributed the monthly increase in overall foreclosure activity to a 12-percent monthly jump in foreclosure starts, with 48,605 properties beginning the foreclosure process in October.
- However, with that bad news comes some good news: Foreclosure starts in October were down 14 percent compared to the same month in 2014.
Wednesday, Nov. 11:
Mortgage Bankers Association’s Weekly Survey:
- For the week ending Nov. 6, 2015, mortgage applications decreased 1.3 percent from one week earlier.
- The refinance share of mortgage activity increased to 59.8 percent of total applications, up 0.1 percent week-over-week.
- The FHA share of total applications increased to 14.1 percent, up 0.9 percent week-over-week.
Tuesday, Nov. 10:
CoreLogic’s September 2015 National Foreclosure Report:
- The national foreclosure inventory declined by 24.3 percent year-over-year in September 2015; completed foreclosures declined by 17.6 percent year-over-year.
- Completed foreclosures were 52.8 percent lower than the September 2010 peak.
- The national foreclosure inventory as of September 2015 included 1.2 percent of all homes with a mortgage.
Quicken Loans’ September 2015 Home Price Perception Index/Home Value Index:
- In September 2015, appraised values were 1.98 percent less than homeowners’ estimates.
- This is a slight drop from August, when appraiser opinions were 2 percent less than homeowners’ estimates.
- Home values rose 1.07 percent month-over-month in September 2015 and 4.01 percent year-over-year.
Monday, Nov. 9:
Fannie Mae’s October 2015 Home Price Sentiment Index (HPSI):
- The HPSI decreased 0.6 percentage points to 83.2 in October but is up 0.7 points since this time last year.
- The “Good Time to Buy/Good Time to Sell” components fell 2 and 6 points, respectively.
- Consumers appear to be less worried about job loss, however.
- The November Money Anxiety Index is 62.5.
- This is where the index stood in December 2007, when the great recession started.
- The Money Anxiety Index peaked in December 2010 at 95.5.
Email market updates to press@inman.com.