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.

First American Loan Defect Index for October 2015:

  • The index fell 2.5 percent month-over-month and 10.2 percent year-over-year in October 2015.
  • This is the third month in a row of month-over-month decline.
  • The index for refinance transactions declined 2.8 percent month-over-month and 10.4 percent year-over-year.

September 2015 S&P/Case-Shiller Home Price Indices:

  • The national home price index increased 4.9 percent year-over-year in September 2015.
  • San Francisco (11.2 percent), Denver (10.9 percent) and Portland (10.1 percent) had the highest year-over-year price gains.
  • The national home price index increased 0.2 percent month-over-month.

home-price-indices-snp

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:

NAR’s October Existing Home Sales:

  • Total existing-home sales fell 3.4 percent month-over-month in October but are up 3.9 percent year-over-year.
  • The median existing-home price rose 5.8 percent month-over-month.
  • Total housing inventory decreased 4.5 percent year-over-year but is up 4.7 percent month-over-month.

 

October EHS Infographic

Freddie Mac’s November 2015 Insights & Outlook:

  • Freddie Mac expects home price appreciation to average 5.4 percent in 2015.
  • Households age 55-plus will grow by between 12.4 and 12.9 million in the decade spanning 2010-2020.
  • Households headed by those ages 54 and younger will shrink by between 0.4 and 1.7 million.

ProTeck’s Home Value Forecast:

  • The top ten core-based statistical areas (CBSAs) for home value were all out West: Bellingham, Washington, Boise City, Idaho and Modesto, California topped the list.
  • Four out of the 10 CBSAs — Bellingham, Portland, San Jose and Seattle — hit all-time highs.
  • Two out of the 10 CBSAs — Boise and Mount Vernon — are forecasted to hit new highs within a year.

Black Knight Financial Services’ “first look” at October 2015 mortgage performance statistics:

  • Total loan delinquency rate in the U.S. — loans 30 or more days past due, but not in foreclosure: 4.77 percent, down 1.93 percent month-over-month and down 11.91 percent year-over-year.
  • Total foreclosure pre-sale inventory rate in the U.S.: 1.43 percent, down 2.35 percent month-over-month and down 21.16 percent year-over-year.
  • Total foreclosure starts in the U.S.: 73,200, down 8.39 percent month-over-month and down 11.27 percent year-over-year.

Send market reports to press@inman.com.

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