We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage Bankers’ Association’s Weekly Applications Survey:
- The Market Composite Index increased 1.2 percent on a seasonally adjusted basis week-over-week.
- The refinance share of mortgage activity increased to 58.7 percent of total applications, up from 56.6 percent the previous week.
- The FHA share of total applications increased 0.8 percent week-over-week to 14.0 percent.
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:
First American’s Real Estate Sentiment Index for Q4 2015:
- Title agents agree that sales transactions will increase for first-time homebuyers and “move up” buyers in the next year.
- Title agents believe that first-time homebuyers will be most impacted by a potential interest rate hike.
- Title agents believe that interest rates would need to creep up to 5.1 percent before primary residential transaction volumes are affected.
The latest Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI):
- The MCAI decreased 0.8 percent; it’s now 127.4.
- The Conventional MCAI was down 2.0 percent.
- The Conforming MCAI was down 1.0 percent.
CoreLogic’s October 2015 Foreclosure Report:
- Foreclosure inventory fell 21.5 percent year-over-year in October 2015.
- Foreclosures were down 12.3 percent from September 2015.
- This is the 48th straight month of decline.
Quicken’s November 2015 Home Price Perception Index:
- The average appraisal in November was 1.87 percent lower than what homeowners expected the value to be.
- November is the 10th consecutive month in which homeowner expectations of value exceeded the appraisers’ opinions.
- Average appraised home values rose 1.08 percent month-over-month and 4.84 percent year-over-year.
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