We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage Bankers Association’s Builder Application Survey for November 2015:
- Mortgage applications for new home purchases decreased 6 percent month-over-month.
- Conventional loans comprised 68.4 percent of loan applications, FHA loans comprised 18.1 percent, VA loans comprised 12.6 percent and RHS/USDA loans comprised 0.9 percent.
- The average loan size for new homes decreased from $320,881 to $320,854 month-over-month.
Freddie Mac’s Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage averaged 3.95 percent with an average 0.6 point for the week ending December 10, 2015, up 0.02 percent week-over-week.
- The 15-year fixed-rate mortgage averaged 3.19 percent with an average 0.5 point, up 0.03 percent week-over-week.
- The 5-year, Treasury-indexed hybrid adjustable-rate mortgage averaged 3.03 percent with an average 0.5 point, up 0.04 percent week-over-week.
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:
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.
Send market reports to press@inman.com.
