Daily market update: Dec. 30, 2015

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

National Association of Realtors’ Pending Home Sales Index for November 2015:

• The pending home sales index declined by 0.9 percent to 106.9 in November.
• This is 0.9 percent below October’s index but 2.7 percent above November 2014.
• The November annual gain was the smallest since October 2014.

First American’s Loan Application Defect Index for November 2015:

• The defect index fell 1.3 percent month-over-month in November 2015.
• The index fell 8.2 percent year-over-year in November 2015.
• The defect index for refinance transactions was down 2.9 percent month-over-month, 10.7 percent year-over-year.

Federal Housing Finance Agency’s November 2015 mortgage index:

• The national average contract mortgage rate for previously occupied homes was 3.85 percent, down from 3.89 percent in October.

• The average interest rate on all mortgage loans was 3.86 percent, down from 3.90 percent in October.

• The average loan amount for all mortgage loans was $319,800, up from $308,600 in October.

Freddie Mac’s Multi-Indicator Market Index (MiMi):

• The national MiMi value stands at 81.9.
• This is 0.59 percent up from September to October 2015.
• This also indicates a 6.31 percent year-over-year increase.

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:

S&P/Case-Shiller Home Price Indices for October 2015:

• The index increased by 5.2 percent year-over-year in October 2015.
• San Francisco, Denver and Portland reported the highest year-over-year gains amongst the Case-Shiller 20-city composite.
• The national index was up 0.1 percent month-over-month in October (unadjusted).

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