Daily market update: Nov. 17, 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. FNC Residential Price Index for Q3 2015: The average home price rose 1.7 percent during the third quarter of 2015. This is down from a growth rate of 3.5 percent in the second quarter. September's year-over-year growth was 6.1 percent. Mortgage Bankers Association's Q3 delinquency and foreclosure report: The serious delinquency rate for mortgage loans (90 or more days past due or in the process of foreclosure) was 3.57 percent, a decrease of 38 basis points from last quarter. This is the lowest serious delinquency rate since 2007. The percentage of loans on which foreclosure actions were started was 0.38 percent, a decrease of two basis points quarter-over-quarter.   Mortgage rates: [graphiq id="b2w6fmfIyNL" title="30-Year Fixed Rate Mortgage Rates for the Past 6 Months" width="600" height="400" url="" link="http://mortgage-...