We’ll add more market news briefs throughout the day. Check back to read the latest.
Attom Data Solutions October 2016 Foreclosure Market Report:
- There were a total of 105,481 properties with foreclosures filings in October.
- This is up 27 percentage points from September 2016.
- However, it’s down 8 percentage points from October 2015.
Freddie Mac’s Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage averaged 3.57 percent with an average 0.5 point for the week ending November 10, 2016.
- This is up from last week, when it averaged 3.54 percent.
- A year ago at this time, the 30-year FRM averaged 3.98 percent.
Mortgage Bankers Association’s National Delinquency Survey for the third quarter of 2016:
- The delinquency rate for mortgage loans on residential properties with one to four units decreased 14 basis points to a rate of 4.52 percent of all loans.
- This is the lowest level since the second quarter of 2006, with a rate of 4.39 percent.
- It’s also 47 basis points lower than one year go.
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 1.2 percent for the week ending Nov. 4, 2016, from one week earlier.
- The refinance share of mortgage activity decreased to 62.3 percent of total applications from 62.7 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to its highest level since June 2016, 3.77 percent, from 3.75 percent.
Email market reports to press@inman.com.
