Daily market update: October 27, 2016

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

National Association of Realtors Pending Home Sales for September 2016:

• Pending home sales grew to 110.0 in September 2016.
• This is 2.4 percent higher than September 2015.
• It also indicates a 1.5 percent growth from August 2016.

Freddie Mac’s Primary Mortgage Market Rate Survey:

• The 30-year fixed-rate mortgage (FRM) averaged 3.47 percent with an average 0.6 point for the week ending October 27, 2016.
• This is down 5 basis points from 3.52 percent last week.
• A year ago at this time, the 30-year FRM averaged 3.76 percent.

Federal Housing Finance Agency’s September 2016 Mortgage Interest Rate Indices:

• The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 3.61 percent for loans closed in late September, up 3 basis points from 3.58 percent in August.
• The average interest rate on all mortgage loans was 3.60 percent, up 1 basis point from 3.59 in August.
• The average loan amount for all loans was $302,900 in September, down $19,800 from $322,700 in August.

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 4.1 percent from one week earlier for the week ending October 21, 2016.
• The refinance share of mortgage activity increased to 62.7 percent of total applications from 61.5 percent the previous week.
• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 3.71 percent from 3.73 percent.

Freddie Mac’s Multi-Indicator Market Index (MiMi) August 2016:

• The national MiMi stands at 85.7.
• This is a 1.05 percent improvement from July to August.
• Year over year, the national MiMi improved 5.44 percent.

U.S. Census Bureau and Department of Housing and Urban Development’s New Residential Sales for September 2016:

• Sales of new single-family houses in September 2016 were at a seasonally adjusted annual rate of 593,000.
• This is 3.1 percent above the revised August rate of 575,000 and 29.8 percent above the September 2015 estimate.
• The median sales price of new houses sold in September 2016 was $313,500; the average sales price was $377,700.

Email market reports to press@inman.com.