We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage rates:
Home equity rates:
Most recent market news:
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.
Freddie Mac Primary Mortgage Market Survey:
How to win in the lucrative global real estate market
3 ways real estate agents can capture and close international deals READ MORE
- 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.
Email market reports to press@inman.com.
Article image credited to AshDesign / Shutterstock.com
Comments
Related Articles
Mortgages climbed above 3.50 percent for the first time in two solid months on Friday. Not far — but the 10-year T-note is also now trading 1.67 percent after two solid months between 1.50 percent and 1.60 percent.
Great civilizations of the past have produced some of the most iconic structures and landmarks through the ages, and nations have historically anchored their national pride around monuments of significant size and remarkable architecture.
Some homebuyers recently received a head-turning come-on in their email inboxes: “Unlock Death in Home Information with HomeDisclosure Today.” Intrigued?