We’ll add more market news briefs throughout the day. Check back to read the latest.
National Association of Realtors 2016 housing and economic forecast:
- NAR Chief Economist Lawrence Yun predicted that the housing market might see a 1 to 3 percent growth in sales.
- He said home prices would continue to rise in 2016.
- Yun estimated that 2015 existing-home sales would finish 6.5 percent up from 2014.
CoreLogic’s November 2015 National Foreclosure Report:
- Foreclosures were down 21.8 percent year-over-year.
- Completed foreclosures were down 10.9 percent month-over-month.
- Florida leads the nation with 83,000 completed foreclosures.
American Banker’s Association’s 2015 third-quarter delinquencies:
- Delinquencies (a late payment 30 or more days overdue) rose in six of 11 loan categories.
- The composite ratio rose 5 basis points to 1.41 percent of all accounts.
- Home equity line delinquencies fell 3 basis points to 1.31 percent of all accounts and property improvement delinquencies fell 4 basis points to 0.87 percent of all accounts.
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:
Black Knight November 2015 Mortgage Monitor:
- The total delinquency rate was 4.92 percent in November 2015.
- The total foreclosure rate was 1.38 percent.
- There were 66,600 foreclosure starts in November 2015.
The January 2016 Money Anxiety Index:
- The preliminary January index improved 1.3 points.
- The January index is 62.2.
- This is in part due to a robust December jobs report.
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