Mortgage rates plus all the latest real estate market news.

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

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”]

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.

 

 

Last week’s most recent market news:

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

Send market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top