Check Inman every day for the daily version of this market roundup.
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=”c0eKOcwwRlX” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”468″ url=”https://w.graphiq.com/w/c0eKOcwwRlX” link=”http://mortgage-lenders.credio.com” link_text=”Credio | Graphiq” ]
Day-by-day market activity
Friday, November 18:
CoreLogic’s Market Pulse Report for November 2016:
- The home price index year-over-year change was 6.3 percent.
- The cash sales share in June 2016 was 29.3 percent.
- The distressed sales share in June 2016 was 7.8 percent.
Thursday, November 17:
- Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,229,000, 0.3 percent above September 2016 and 4.6 percent above October 2015.
- Privately-owned housing starts in October were at a seasonally adjusted annual rate of 1,323,000, 25.5 percent above September 2016 and 23.3 percent above the October 2015 rate.
- Privately-owned housing completions in October were at a seasonally adjusted annual rate of 1,055,000, 5.5 percent above September 2016 and is 7.2 percent above October 2015.
Freddie Mac’s Primary Mortgage Market Survey for the week ending Nov. 17, 2016:
- The 30-year mortgage rate jumped to 3.94 percent.
- This is up from last week when it averaged 3.57 percent.
- A year ago at this time, the 30-year FRM averaged 3.97 percent.
Re/Max’s November 2016 National Housing Report:
- October saw near-record sales, but was still 1 percent below October 2015 sales.
- The number of homes for sale was the lowest of any month since May and of any October since 2008. The months’ supply of inventory was 3.9.
- Last month’s median sales price increased by 8.3 percentage points to $216,500.
Attom Data Solutions Q3 2016 U.S. Home Equity and Underwater Report:
- Equity-rich (loan-to-value ration of 50 percent or lower) homeowners represented 23.4 percent of all U.S. homeowners with a mortgage.
- This is an increase of 2.6 million homeowners from one year ago.
- Seriously underwater homeowners (loan-to-value ratio of 125 percent or higher) represented 10.8 percent of all U.S. homeowners with a mortgage.
Wednesday, November 16:
Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications decreased 9.2 percent from one week earlier for the week ending November 11, 2016.
- The refinance share of mortgage activity decreased to 61.9 percent of total applications from 62.3 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to its highest level since January 2016, 3.95 percent, from 3.77 percent.
Tuesday, November 15:
Mortgage Bankers Association’s Builder Applications Survey for October 2016:
- Mortgage applications for new home purchases increased 8 percent year-over-year in October 2016.
- Applications decreased by 2 percentage points month-over-month.
- New single-family home sales were running at a seasonally adjusted annual rate of 547,000 units in October 2016.
Email market news to press@inman.com.