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”]

Thurs., Dec. 17:

Re/Max’s December National Housing Report:

  • November home sells fell by 1.4 percent year-over-year.
  • Month-over-month, November sales fell by 22.6 percent.
  • The median sales price was up year-over-year by 4.1 percent.

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First American’s Potential Home Sales Model for November 2015:

  • The market potential for existing-home sales decreased by 2.1 percent month-over-month.
  • The Potential Home Sales Model decreased by 8.0 percent year-over-year.
  • The model’s current underperformance gap is an estimated 147,000 (seasonally adjusted, annualized rate).

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.97 percent with an average 0.6 point for the week ending December 17 2015.
  • This is up from last week, when the 30-year FRM averaged 3.95 percent.
  • A year ago at this time, the 30-year FRM averaged 3.80 percent.

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Weds., Dec. 16:

Ellie Mae’s Origination Insights Report for November 2015:

  • The average time to close a loan increased to 49 days in November, up from 46 days in October.
  • The average FICO score on closed loans was 721.
  • Closing rates for all loans reached 68 percent.

U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Construction for November 2015:

  • Privately owned housing units authorized by permits in November were at a seasonally adjusted rate of 1,289,000.
  • This is 11.0 percent above the October rate and 19.5 percent above the November 2014 estimate.
  • Single-family authorizations in November were at a rate of 723,000, up 1.1 percent month-over-month.

Mortgage Bankers Association’s Weekly Applications Survey:

  • The market composite index of mortgage applications decreased 1.1 percent week-over-week for the week ending Dec. 11, 2015.
  • The refinance index increased 1 percent week-over-week.
  • The FHA share of total applications remained unchanged week-over-week from 14.0 percent.

Tues., Dec. 15:

The FNC Residential Price Index for October 2015:

  • Home prices fell 0.1 percent between September and October.
  • Prices were up year-over-year by 5.9 percent, however.
  • This ends a nine-month run of price increases.

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CoreLogic’s Q3 Home Equity Report:

  • In the third quarter of 2015, 256,000 properties regained equity.
  • The total number of mortgaged residential properties with negative equity stood at 8.1 percent in Q3 2015.
  • The national aggregate value of negative equity was $301 billion at the end of Q3 2015, an $8.1 billion decline quarter-over-quarter.

The American Enterprise Institute’s International Center on Housing Risk’s First-Time Buyer Mortgage Share Index (FBMSI) and First-Time Buyer Mortgage Risk Index (FBMRI) for November 2015:

  • The first-time buyer share and volume were up in November year-over-year.
  • First-time buyers accounted for 56.7 percent of primary owner-occupied mortgages with a government guarantee, up from 55.0 percent year-over-year.
  • Of first-time buyer loans, 54 percent were deemed high-risk, up from 51 percent year-over-year.

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press@inman.com.

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