Here’s what happened this week in the real estate market.

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=”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”]

Friday, Oct. 16:

FNC August 2015 Residential Price Index:

  • The index was up 5.5 percent year-over-year.
  • Foreclosed and real estate-owned (REO) properties was 9.2 percent of all total existing home sales, down from 10.5 percent in August 2014.
  • The median asking price discount among closed sales was 3.1 percent, up from 2.9 percent in June and July.

FNC-res-price

 

Thursday, Oct. 15:

Re/Max’s October 2015 housing report:

  • September 2015 home sales were 8.6 percent lower than in August 2015 but 6.8 percent higher than September 2014.
  • The median sales price for homes sold in September 2015 was $209,000.
  • The months supply of inventory in September 2015 was 4.5; it was 4.9 in September 2014.

remax-september-sales

CoreLogic’s Mortgage Fraud Trends Report:

  • There was an 8.9 percent year-over-year decrease in fraud risk as of the second quarter (Q2) of 2015.
  • For the year ending in Q2 2015, the estimated value of applications with fraud or serious representations was $17.3 billion.
  • During Q2 2015, about 0.67 percent of all mortgage applications contained indications of fraud.

corelogic-application-fraud

RealtyTrac Foreclosure Market Report for Q3 and September 2015:

  • A rise in the volume of bank repossessions is a major contributor to the overall increase in foreclosure filings.
  • Metros that saw year-over-year increases are spread throughout the nation.
  • California markets appear to be seeing the biggest reduced in foreclosure activity.

image006

 

Wednesday, Oct. 14:

 

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index decreased 27.6 percent week-over-week.
  • The refinance share of mortgage activity increased from 57.4 percent of total applications last week to 61.2 percent of total applications this week.
  • The average contract interest rate for 30-year fixed-rate mortgages remained 3.99 percent, unchanged from last week. Points increased to 0.53 percent this week from 0.46 percent last week.

 

Tuesday, Oct. 13:

Quicken Loans’ September 2015 Home Price Perception Index:

  • Homeowner estimates of home values were 2 percent higher than appraiser opinions in September.
  • However, September was the first month that the gap narrowed since February 2015.
  • Nationally, home values are rising, with a 3.11 year-over-year gain.

image001

CoreLogic’s August 2015 foreclosure report:

  • Foreclosure inventory declined by 25.2 percent year-over-year, and completed foreclosures declined by 20.1 percent year-over-year.
  • The number of foreclosures nationwide decreased from 46,000 in August 2014 to 36,000 in August 2015.
  • The national foreclosure inventory included approximately 1.2 percent of all homes with a mortgage compared with 1.6 percent in August 2014.

foreclosure-rate-by-state-corelogic-oct-2015

Email market updates to press@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×