Markets & Economy

Daily market update: November 7, 2016

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

Black Knight Mortgage Monitor for September 2016:

  • The seasonal uptick in delinquencies was less than 1 percent.
  • The foreclosure rate is about 70 percent above “normal” levels.
  • Despite the monthly decline, September saw the third-highest prepayment rate in three years.

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Fannie Mae Home Purchase Sentiment Index (HPSI) for October 2016:

  • The HPSI decreased by 1.1 percentage points to 81.7.
  • It is down 1.5 points since this time last year.
  • The net share of Americans who say it’s a good time to buy was 31 percent; the share of Americans who say it’s a good time to sell was 19 percent.

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Mortgage rates:

 

Home equity rates:

Most recent market news:

Bureau of Labor Statistics Employment Situation Summary for October 2016:

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  • Total nonfarm payroll employment rose by 161,000 in October 2016.
  • The unemployment rate was little changed at 4.9 percent.
  • Employment continued to trend up in health care, professional and business services,
    and financial activities.

Email market reports to press@inman.com.