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 Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index decreased 3.5 percent week-over-week.
  • The refinance share of mortgage activity remained unchanged at 59.5 percent.
  • The average contract interest rate for a 30-year fixed-rate mortgage increased to 3.98 percent from 3.95 percent week-over-week.

First American’s September 2015 Loan Application Defect Index:

  • The rate of incidence of loan application defaults fell 1.2 percent month-over-month in September 2015.
  • The index fell 9 percent year-over-year.
  • The defect index for refinance transactions declined 1.4 percent month-over-month and 10 percent year-over-year.

CoreLogic’s Mortgage Fraud Trends Report:

  • Mortgage application fraud risk nationwide decreased 8.9 percent year-over-year.
  • Louisiana, however, saw a 17.1 percent increase in mortgage fraud risk.
  • Identity application fraud risk decreased 22.7 percent nationwide.

20150993_infograph_fraud-report

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:

Standard & Poor’s/Case-Shiller Housing Index:

  • The index recorded a 4.7 increase year-over-year in August 2015.
  • San Francisco, Denver and Portland reported the highest year-over-year gains.
  • The index rose 0.3 percent month-over-month in August 2015.

chart

Send market reports to press@inman.com.

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