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 Banker’s Association’s Weekly Applications Survey:

  • The Market Composite Index increased 11.8 percent week-over-week on a seasonally adjusted basis.
  • The Refinance Index increased 9 percent week-over-week.
  • The seasonally adjusted Purchase Index increased 16 percent week-over-week.

 

 

Weiss Residential Research’s August 2015 appreciation/depreciation report:

  • The national percentage of depreciating homes rose from 23.40 percent in July 2015 to 27.0 percent in August.
  • The national percentage of appreciating homes rose slightly from 56.8 percent in July 2015 to 59.3 percent in August.
  • Flint, Michigan, was a top market by appreciation percentage; Hickory-Lenoir-Morganton, North Carolina, was a top market by depreciation percentage.

august-appreciation-depreciation

Ellie Mae’s September 2015 loan origination insights report:

  • Average credit scores for closed loans fell to an average FICO score of 723, the lowest since Ellie Mae began reporting data in August 2011.
  • Refinance activity represented 42 percent of overall loan volume.
  • Credit availability on refinances appears to have increased in the third quarter of 2015.

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”]

Yesterday’s most recent market news:

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.

 

mba-projections-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.

Auction.com’s list of the hottest single-family residential markets this fall:

  • Seattle was listed as the hottest market because of the city’s tech sector, which is seen as driving employment.
  • Fort Lauderdale was next, attributed to growth in employment and a recovering housing market.
  • Orlando was third, with a thriving leisure and hospitality industry.

auctiondotcom-top5-fall2015

Send market reports to press@inman.com.

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