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Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications decreased 1.2 percent from one week earlier for the week ending October 28, 2016.
- The refinance share of mortgage activity remained unchanged at 62.7 percent of total applications from the previous week.
- The FHA share of total applications remained unchanged at 11.1 percent from the week prior.
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:
CoreLogic September 2016 Home Price Index:
- Home prices nationwide, including distressed sales, increased year over year by 6.3 percent in September 2016.
- They increased by 1.1 percent in September 2016 compared with August 2016.
- The CoreLogic HPI Forecast indicates that home prices will increase by 5.2 percent on a year-over-year basis from September 2016 to September 2017.
U.S. Census Bureau’s September 2016 Construction Spending:
- Construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion.
- This is 0.4 percent below the revised August estimate of $1,154.4 billion.
- This is also 0.2 percent below the September 2015 estimate of $1,152.1 billion.
Email market reports to press@inman.com.
