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Black Knight Financial Services’ Mortgage Monitor Report for October 2016:
- There was a rise in 30+-day delinquencies in October 2016, which pushed the national delinquency rate to 4.35 percent.
- The overall foreclosure rate fell to below 1 percent for the first time since July 2007.
- October saw the lowest number of foreclosure starts since January 2005.
Mortgage Banker’s Association’s Mortgage Credit Availability Index for November 2016:
- Mortgage credit availability increased in November to 174.1.
- This is a 1.6 percent increase over October 2016.
- Of the four component indices, the Conforming MCAI saw the greatest increase in availability over the month (up 2.2 percent), followed by the Government MCAI (up 1.8 percent), the Conventional MCAI (up 1.5 percent), and the Jumbo MCAI (up 0.8 percent).
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:
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.
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