Real Estate Daily Market Update: September 22, 2016

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

Black Knight Financial Services’ First Look at August 2016 Mortgage Data:

The monthly prepayment rate increased by 32 percent month-over-month.
Delinquencies fell 6 percent month-over-month.
Inventory of loans in foreclosure has declined for 19 consecutive months and in 51 of the past 52 months.

bkfs_first_look_aug2016_chart01

Federal Housing Finance Agency’s July 2016 House Price Index:

House prices rose 0.5 percent (seasonally adjusted) in July 2016.
The 0.2 percent June 2016 increase was revised to 0.3 percent.
Year-over-year, prices rose 5.8 percent.

screen-shot-2016-09-22-at-7-54-25-am Freddie Mac’s Primary Mortgage Market Rate:

The 30-year fixed-rate mortgage (FRM) averaged 3.48 percent with an average 0.6 point for the week ending September 22, 2016.
This is down from last week, when it averaged 3.50 percent.
One year ago, the 30-year FRM averaged 3.86 percent.

pmms_chart_lg-1

National Association of Realtors’ Existing-Home Sales for August 2016:

Total existing-home sales declined 0.9 percent.
The seasonally adjusted annual rate for August was 5.33 million, down from a downwardly revised 5.38 million in July 2016.
Sales are at their second-lowest pace of 2016, but they are up 0.8 percent from one year ago (5.29 million) nonetheless.

august-ehs-infographic

CoreLogic’s Mortgage Fraud Trends Report for Q2 2016:

There were 12,718 mortgage applications estimated to have indications of fraud in Q2 2016.
The mortgage application fraud risk index was up 3.9 percent year-over-year in Q2 2016.
Florida continues to be the riskiest state for mortgage application fraud.

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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”]

Most recent market news:

Mortgage Bankers Association’s Weekly Applications Survey:

Mortgage applications decreased 7.3 percent from one week earlier.
The refinance share of mortgage activity increased to 63.1 percent of total applications from 62.9 percent the previous week.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.70 percent from 3.67 percent week-over-week.

Email market reports to press@inman.com.