We’ll add more market news briefs throughout the day. Check back to read the latest.
Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for October 2016:
- Non-distressed properties sold during October had an average price of $297,300, based on a three-month moving average.
- This is an 1.8 percent decline from the previous month and a 4.1 percent decline from the average price of $310,000 in August.
- Prices in October were up by 3.4 percent year-over-year.
National Association of Realtors Existing-Home Sales for October 2016:
- Total existing-home sales were at a seasonally adjusted annual rate of 5.60 million in October.
- This is a 2.0 percent month-over-month increase from the upwardly revised rate of 5.49 million in September.
- A year ago in October, the sales pace was 5.29 million.
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:
First American October 2016 Potential Home Sales:
- Potential existing-home sales increased to a 5.9 million seasonally adjusted, annualized rate (SAAR).
- This represents a 97.4 percent increase from the market potential low point reached in December 2008.
- In October, the market potential for existing-home sales grew by 6.7 percent compared with a year ago, an increase of 376,000 (SAAR) sales.
Email market reports to press@inman.com.
