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”]
Friday, October 7:
Bureau of Labor Statistics Employment Report for September 2016:
- Nonfarm payroll employment increased by 156,000 jobs in September 2016.
- The unemployment rate was 5.0 percent in September 2016, up slightly from 4.9 percent in August.
- The professional and business services sector and health care sector saw employment gains in September.
Fannie Mae’s Home Purchase Sentiment Index (HPSI) for September 2016:
- The HPSI fell to 82.8 in September 2016.
- This is a 2.2 percentage point decrease from August 2016.
- In September 2015, the HPSI was 83.8.
Thursday, October 6:
Freddie Mac’s Primary Mortgage Market Survey:
- The 3o-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending October 6, 2016.
- This rate is unchanged from last week’s.
- A year ago at this time, the 30-year FRM averaged 3.76 percent.
Wednesday, October 5:
CoreLogic Home Price Insights (HPI) Report for August 2016:
- The CoreLogic HPI is up 1.1 percent.
- Year-over-year, the HPI is up 6.2 percent.
- CoreLogic forecasts that the HPI will be up 0.4 percent month-over-month in September 2016 and 5.3 percent year-over-year in August 2017.
Tuesday, October 4:
ProTeck’s Home Value Forecast for August 2016:
- In July, nearly 70 percent of the core-based statistical areas (CSBAs) tracked were listed as “normal” or above.
- In August, that number rose to more than 76 percent.
- Only 1.4 percent of CBSAs tracked came in at “weak” or “distressed” in August.
S&P/CoreLogic/Case-Shiller Home Price Indices for July 2016:
- There was a 5.1 percent annual gain in July.
- This is higher than the June 2016 gain of 5.0 percent.
- The 20-City Composite reported year-over-year gains of 5.0 percent, down from June’s 5.1 percent.
Monday, October 3:
U.S. Census Bureau/U.S. Department of Commerce’s August 2016 construction data:
- Construction spending during August 2016 was estimated at a seasonally adjusted annual rate of $1,142.2 billion.
- This is 0.7 percent below the revised July estimate of $1,150.6 billion.
- This is also 0.3 percent below the August 2015 estimate of $1,145.2 billion.
Black Knight Financial Services’ Mortgage Monitor for August 2016:
- The national delinquency rate fell by just over 6 percent month-over-month in August 2016.
- Delinquencies were at 4.24 percent in August 2016.
- The inventory of loans in active foreclosure continued its 19-month consecutive downward trend.
Black Knight Financial Services July 2016 Home Price Index:
- The HPI in July 2016 was $266,000.
- This represents a 0.4 percent increase from last month.
- One year ago, the HPI was 5.3 percent.
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