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.

The FNC Residential Price Index for October 2015:

  • Home prices fell 0.1 percent between September and October.
  • Prices were up year-over-year by 5.9 percent, however.
  • This ends a nine-month run of price increases.

 

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CoreLogic’s Q3 Home Equity Report:

  • In the third quarter of 2015, 256,000 properties regained equity.
  • The total number of mortgaged residential properties with negative equity stood at 8.1 percent in Q3 2015.
  • The national aggregate value of negative equity was $301 billion at the end of Q3 2015, an $8.1 billion decline quarter-over-quarter.

The American Enterprise Institute’s International Center on Housing Risk’s First-Time Buyer Mortgage Share Index (FBMSI) and First-Time Buyer Mortgage Risk Index (FBMRI) for November 2015:

  • The first-time buyer share and volume were up in November year-over-year.
  • First-time buyers accounted for 56.7 percent of primary owner-occupied mortgages with a government guarantee, up from 55.0 percent year-over-year.
  • Of first-time buyer loans, 54 percent were deemed high-risk, up from 51 percent year-over-year.

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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 November 2015:

  • Mortgage applications for new home purchases decreased 6 percent month-over-month.
  • Conventional loans comprised 68.4 percent of loan applications, FHA loans comprised 18.1 percent, VA loans comprised 12.6 percent and RHS/USDA loans comprised 0.9 percent.
  • The average loan size for new homes decreased from $320,881 to $320,854 month-over-month.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage averaged 3.95 percent with an average 0.6 point for the week ending December 10, 2015, up 0.02 percent week-over-week.
  • The 15-year fixed-rate mortgage averaged 3.19 percent with an average 0.5 point, up 0.03 percent week-over-week.
  • The 5-year, Treasury-indexed hybrid adjustable-rate mortgage averaged 3.03 percent with an average 0.5 point, up 0.04 percent week-over-week.

Freddie Mac PMMS

Send market reports to press@inman.com.

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