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 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:

RealtyTrac’s Q3 Home Sales Report:

  • The average price gain for sold homes in the third quarter of 2015 was $40,658.
  • This is the highest average price gain since Q3 2007.
  • The average sale price of single-family homes and condos was up 0.2 percent from the previous quarter and up 2.4 percent year-over-year.

image006

Mortgage Bankers Association’s October 2015 Mortgage Credit Availability Index (MCAI):

  • The MCAI increased 1.5 percent to 128.4 in October 2015.
  • The Conforming MCAI saw the greatest loosening, up 2.7 percent month-over-month.
  • The Government MCAI was up 1.9 percent.

mortgage-credit-availability

Zillow’s mortgage application research:

  • The denial rate for 2014 conventional mortgage applications was 11.2 percent, down 1.2 percent from 12.4 percent in 2013.
  • For black applicants, the denial rate fell from 27.6 percent in 2013 to 23.5 percent in 2014 — a 4.1-percent drop.
  • For white applicants, the denial rate fell from 10.4 percent in 2013 to 9.4 percent in 2014 — a 1.0-percent drop.

Send market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Learn More×
Connect Now is just days away. Don't miss out.Reserve your seat today.×