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’s Real Estate Sentiment Index for Q4 2015:

  • Title agents agree that sales transactions will increase for first-time homebuyers and “move up” buyers in the next year.
  • Title agents believe that first-time homebuyers will be most impacted by a potential interest rate hike.
  • Title agents believe that interest rates would need to creep up to 5.1 percent before primary residential transaction volumes are affected.

The latest Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI):

  • The MCAI decreased 0.8 percent; it’s now 127.4.
  • The Conventional MCAI was down 2.0 percent.
  • The Conforming MCAI was down 1.0 percent.

Total MCAI

CoreLogic’s October 2015 Foreclosure Report:

  • Foreclosure inventory fell 21.5 percent year-over-year in October 2015.
  • Foreclosures were down 12.3 percent from September 2015.
  • This is the 48th straight month of decline.

report_highlights_nfr_2015_10_oct_top_01

Quicken’s November 2015 Home Price Perception Index:

  • The average appraisal in November was 1.87 percent lower than what homeowners expected the value to be.
  • November is the 10th consecutive month in which homeowner expectations of value exceeded the appraisers’ opinions.
  • Average appraised home values rose 1.08 percent month-over-month and 4.84 percent year-over-year.

P-HVI-HPPI-Graphs-201512-01-1024x750

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:

December 2015 preliminary Money Anxiety Index:

  • The December index stands at 63.2.
  • This is the same level as November 2015 but 5.8 index points lower than December 2014.
  • Consumers seem to have mixed confidence about the economy.

money-anxiety-index-dec2015-prelim

Black Knight October 2015 Mortgage Monitor:

  • High loan-to-value purchase mortgage originations were up 20 percent year-over-year in the third quarter of 2015.
  • 2015 residential home sales are up 4 percent from last year, and traditional sales are up 7 percent.
  • Distressed sales (REO or short sale transactions) have declined by 13 percent year-over-year.

black-knight-mortgage-monitor

Fannie Mae’s Home Purchase Sentiment Index (HPSI):

  • The HPSI decreased 2.4 points to 80.8 in November.
  • Consumers’ net attitudes about the direction of their household income relative to one year ago fell 5 points in November.
  • The HPSI Good Time to Sell component fell 6 points, while Good Time to Buy increased 1 point.

fannie-mae-HPSI

Send market reports to press@inman.com.

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