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.

screen-shot-2016-11-07-at-10-01-37-am

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.

screen-shot-2016-11-07-at-8-59-12-am

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:

Bureau of Labor Statistics Employment Situation Summary for October 2016:

  • 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.

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