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Daily market update: Oct. 16, 2015

Our daily summary of market news, updated regularly with new tidbits

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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