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Daily market update: Oct. 20, 2015

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

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....