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Mortgage Bankers Association’s Weekly Applications Survey:
- Mortgage applications increased 2.5 percent from one week earlier for the week ending December 16, 2016.
- The refinance share of mortgage activity increased to 57.9 percent of total applications from 57.2 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages increased to its highest level since May 2014, 4.41 percent, from 4.28 percent.
National Association of Realtors Existing-Home Sales for November 2016:
- Total existing-home sales rose 0.7 percent to a seasonally adjusted annual rate of 5.61 million in November.
- This is up from a downwardly revised 5.57 million in October.
- November’s sales pace is now the highest since February 2007 (5.79 million) and is 15.4 percent higher than a year ago (4.86 million).
First American Real Estate Sentiment Index for Q4 2016:
- Overall confidence for transaction volume growth over the next 12 months declined 11.8 percent from Q3 2016.
- Confidence for transaction volume growth also fell 3.8 percent compared with a year ago.
- Confidence for growth in purchase transaction volume over the next 12 months remains positive, but declined 8 percent from last quarter and fell 8.8 percent compared with a year ago.
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:
CoreLogic Housing Credit Index for Q3 2016:
- The average credit score for the lowest 1 percent of homebuyers was between 622 and 624.
- The average credit score on purchase money loans in Q3 was 739.
- The share of home purchases with loan-to-value of 95 percent or higher was 43 percent, down from 47 percent in Q3 2015.
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