Check Inman every day for the daily version of this market roundup.

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:

Thursday, October 13:

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.47 percent with an average 0.6 point for the week ending October 13, 2016.
  • This is up from last week when it averaged 3.42 percent.
  • A year ago, the 30-year FRM averaged 3.82 percent.

pmms_chart_lg-1

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

  • Mortgage applications for new home purchases increased 3 percent year-over-year.
  • Applications decreased 7 percent month-over-month.
  • Conventional loans comprised 68.8 percent of loan applications.

Wednesday, October 12:

Mortgage Bankers Association’s weekly application rates:

  • Mortgage applications decreased 6.0 percent from one week earlier for the week ending October 7, 2016.
  • The refinance share of mortgage activity decreased to 62.4 percent of total applications from 63.8 percent the previous week.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.68 percent from 3.62 percent the previous week.

Tuesday, October 11:

Quicken Loans Home Price Perception Index (HPPI) for September 2016:

  • Appraisals lagged behind homeowner estimates by 1.26 percent in September.
  • This is a smaller gap than recorded in August 2016 — a 1.56 percent gap between perceptions.
  • This is the third consecutive month wherein appraiser and homeowner estimates became more closely aligned.

D-HVI-HPPI-Graphs

CoreLogic’s National Foreclosure Report for August 2016:

  • Foreclosure inventory was down 3.2 percentage points in August 2016 from July 2016.
  • Foreclosure inventory fell by 30 percentage points year-over-year.
  • This was the 58th consecutive month of year-over-year foreclosure declines.

screen-shot-2016-10-11-at-12-56-00-pm

Email market news to press@inman.com.

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