We’ll add more market news briefs throughout the day. Check back to read the latest.
Bureau of Labor Statistics’ Employment Situation Summary for November 2016:
- The unemployment rate declined to 4.6 percent in November.
- Total nonfarm payroll employment increased by 178,000.
- Employment gains occurred in professional and business services and in health care.
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:
Freddie Mac’s Primary Mortgage Market Survey:
- The 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.5 point for the week ending December 1, 2016.
- This is up from last week when it averaged 4.03 percent.
- A year ago at this time, the 30-year FRM averaged 3.93 percent.
U.S. Census Bureau’s October 2016 construction report:
- Construction spending during October 2016 was estimated at a seasonally adjusted annual rate of $1,172.6 billion.
- This is 0.5 percent above the revised September estimate of $1,166.5 billion.
- The October figure is 3.4 percent above the October 2015 estimate of $1,134.4 billion.
Attom Data Solution’s Q3 Home Refinance Originations report:
- More than 1.9 million (1,919,180) loans were originated on U.S. residential properties (1 to 4 units) in the third quarter of 2016.
- This is down 2 percent from the previous quarter and up less than 1 percent from a year ago.
- The report also shows total dollar volume of loan originations increased 8 percent from a year ago to more than $502 billion thanks to higher average loan amounts.
Email market reports to press@inman.com.
