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:

First American’s Existing-Home Sales Capacity (EHS-C) report for October 2015:

  • The market capacity for existing-home sales decreased by 3.1 percent month-over-month and 7.3 percent year-over-year.
  • The seasonally adjusted, annualized rate (SAAR) of existing-home sales capacity is up 73.6 percent from the February 2009 low.
  • The underperformance gap is currently an estimated 209,000 homes (SAAR), much lower than the sales capacity gap of 1.7 million in February 2014.

LendingTree’s Q3 down payment report:

  • The average down payment percentage for conventional 30-year fixed-rate purchase mortgage offers rose to an average of 17.63 percent in the third quarter of 2015.
  • This is up from 17.34 percent quarter-over-quarter and 16.29 percent year-over-year.
  • The average down payment also rose to $48,924 in the third quarter, up from $44,204 in Q2.

Re/Max’s National Housing Report:

  • October 2015 home sales fell 7.7 percent month-over-month.
  • October 2015 sales were down 0.8 percent year-over-year.
  • The average days on market for sales closed in October 2015 was 62.

remax-oct-sales

Send market reports to press@inman.com.

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