We’ll add more market news briefs throughout the day. Check back to read the latest.
First American Financial Corporation Q3 2016 Real Estate Sentiment Index:
- Title agent market production increased 7.6 percent this past quarter as compared with a year ago.
- Title agents are forecasting residential price growth of 5 percent for the year ahead.
- Title agents surveyed remain optimistic about transaction volumes, with a 7.2 percent increase in optimism over a year ago.
Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for September 2016:
- The three-month average for non-distressed properties dropped to $302,600 in September from $310,100 in August.
- The three-month moving average sales-to-list-price ratio was 98.0 percent in September, down from 98.6 percent in August.
- The first-time homebuyer share of purchases in September was 34.8 percent.
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:
National Association of Realtors’ Existing-Home Sales Data for September 2016:
- Existing-home sales were up 3.2 percent in September month-over-month.
- This was propelled by a 34-percent share of first-time buyers.
- The median existing-home price for all housing types in September was $234,200.
Email market reports to press@inman.com.
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