We’ll add more market news briefs throughout the day. Check back to read the latest.
Bureau of Labor Statistics Employment Situation Summary for October 2016:
- Total nonfarm payroll employment rose by 161,000 in October 2016.
- The unemployment rate was little changed at 4.9 percent.
- Employment continued to trend up in health care, professional and business services,
and financial activities.
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 Mortgage Credit Availability Index (MCAI):
- The MCAI increased 2.6 percentage points to 171.3 in October.
- Of the four component indices, the Jumbo MCAI saw the greatest increase in availability over the month (up 5.8 percent), followed by the Conventional MCAI (up 4.0 percent).
- The Conforming MCAI (up 2.2 percent) and the Government MCAI (up 1.6 percent) followed.
Freddie Mac Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage (FRM) averaged 3.54 percent with an average 0.5 point for the week ending November 3, 2016.
- This is up from last week when it averaged 3.47 percent.
- A year ago at this time, the 30-year FRM averaged 3.87 percent.
Attom Data Solutions Distressed Home Sales report for Q3 2016:
- Distressed sales accounted for 12.9 percent of all U.S. single family home and condo sales in Q3 2016.
- This is down from 15.0 percent the previous quarter.
- It’s also a decline from 15.9 percent in Q3 2015.
Email market reports to press@inman.com.
