We’ll add more market news briefs throughout the day. Check back to read the latest.

Mortgage Bankers Association’s National Delinquency Survey for Q1 2016:

  • The delinquency rate for mortgage loans on residential properties was 4.77 percent of all loans outstanding — unchanged from the previous quarter.
  • Foreclosure actions were started on 0.35 percent of loans in Q1, a decrease of one basis point quarter-over-quarter and down 10 basis points year-over-year.
  • The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 3.29 percent, a decrease of 15 basis points quarter-over-quarter and a decrease of 95 basis points year-over-year.

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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”]

Yesterday’s most recent market news:

Mortgage Bankers’ Association’s Weekly Applications Survey:

  • The Market Composite Index increased 0.4 percent week-over-week on a seasonally adjusted basis.
  • On an unadjusted basis, the index increased 1 percent week-over-week.
  • The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since April 2016, 3.82 percent, from 3.87 percent.

Email market reports to press@inman.com.

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