We’ll add more market news briefs throughout the day. Check back to read the latest.

Mortgage Bankers Association’s Builder Applications Survey for August 2016:

  • Mortgage applications for new home purchases increased by 5 percent month-over-month.
  • Applications were up 14 percent year-over-year.
  • The average loan size of new homes decreased from $325,843 in July to $325,224 in August.

CoreLogic Home Equity Report for Q2 2016:

  • In Q2 2016, 7.1 percent of mortgaged homes had negative equity.
  • This is an 8.9 percent decrease from the previous quarter.
  • Negative equity value decreased $30.0 billion quarter-over-quarter.

 

screen-shot-2016-09-15-at-7-48-44-am

Freddie Mac Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) reached its highest level since June in the week ending September 15, 2016.
  • The 30-year FRM averaged 3.50 percent with an average 0.5 point.
  • This is up from last weeks’ 3.44 percent. Last year this time, the 30-year FRM averaged 3.91 percent.

pmms_chart_lg

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”]

Most recent market news:

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications increased 4.2 percent week-over-week on a seasonally adjusted basis.
  • On an unadjusted basis, applications decreased 17 percent week-over-week.
  • The refinance share of mortgage activity decreased to 62.9 percent of total applications from 64.0 percent the previous week.

Email market reports to press@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top