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.

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.

FNC-q3

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.

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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”]

Last week’s most recent market news:

Mortgage Bankers Association’s Builder Application Survey for October 2015:

  • Mortgage applications for new-home purchases decreased 8 percent month-over-month.
  • Conventional loans comprised 67.2 percent of loan applications; FHA loans, 19.2 percent.
  • The average loan size for new homes decreased to $320,881 from $324,884 in September.

Send market reports to press@inman.com.

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