Daily market update: Oct. 20, 2015

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

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We'll add more market news briefs throughout the day. Check back to read the latest. Mortgage Bankers Association's 2016 forecast: The Mortgage Bankers Association (MBA) expects $905 billion in purchase mortgage originations during 2016. MBA also predicts that refinance originations will comprise $415 billion in 2016, a decrease of one-third. Mortgage originations will decrease to $1.32 trillion in 2016 compared with $1.45 trillion in 2015.   The U.S. Census Bureau and U.S. Department of Housing and Urban Development's September 2015 new residential construction report: Privately-owned housing units authorized by building permits in September 2015 were 5.0 percent below the revised August 2015 rate but 4.7 percent above September 2014. Privately-owned housing starts were 6.5 percent above the revised August 2015 estimate and 17.5 percent above the September 2014 rate. Single-family housing starts in September 2015 were up 0.3 percent month-over-month....