Daily market update: Nov. 23, 2015

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

NAR’s October Existing Home Sales:

• Total existing-home sales fell 3.4 percent month-over-month in October but are up 3.9 percent year-over-year.
• The median existing-home price rose 5.8 percent month-over-month.
• Total housing inventory decreased 4.5 percent year-over-year but is up 4.7 percent month-over-month.

Freddie Mac’s November 2015 Insights & Outlook:

• Freddie Mac expects home price appreciation to average 5.4 percent in 2015.
• Households age 55-plus will grow by between 12.4 and 12.9 million in the decade spanning 2010-2020.
• Households headed by those ages 54 and younger will shrink by between 0.4 and 1.7 million.

ProTeck’s Home Value Forecast:

• The top ten core-based statistical areas (CBSAs) for home value were all out West: Bellingham, Washington, Boise City, Idaho and Modesto, California topped the list.
• Four out of the 10 CBSAs — Bellingham, Portland, San Jose and Seattle — hit all-time highs.
• Two out of the 10 CBSAs — Boise and Mount Vernon — are forecasted to hit new highs within a year.

Black Knight Financial Services’ “first look” at October 2015 mortgage performance statistics:

• Total loan delinquency rate in the U.S. — loans 30 or more days past due, but not in foreclosure: 4.77 percent, down 1.93 percent month-over-month and down 11.91 percent year-over-year.
• Total foreclosure pre-sale inventory rate in the U.S.: 1.43 percent, down 2.35 percent month-over-month and down 21.16 percent year-over-year.
• Total foreclosure starts in the U.S.: 73,200, down 8.39 percent month-over-month and down 11.27 percent year-over-year.

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”]