Markets & Economy

Daily market update: November 10, 2016

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Attom Data Solutions October 2016 Foreclosure Market Report:

  • There were a total of 105,481 properties with foreclosures filings in October.
  • This is up 27 percentage points from September 2016.
  • However, it’s down 8 percentage points from October 2015.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage averaged 3.57 percent with an average 0.5 point for the week ending November 10, 2016.
  • This is up from last week, when it averaged 3.54 percent.
  • A year ago at this time, the 30-year FRM averaged 3.98 percent.

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Mortgage Bankers Association’s National Delinquency Survey for the third quarter of 2016:

  • The delinquency rate for mortgage loans on residential properties with one to four units decreased 14 basis points to a rate of 4.52 percent of all loans.
  • This is the lowest level since the second quarter of 2006, with a rate of 4.39 percent.
  • It’s also 47 basis points lower than one year go.

delinquencies

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Mortgage rates:

 

Home equity rates:

Most recent market news:

Mortgage Bankers Association’s Weekly Applications Survey:

  • Mortgage applications decreased 1.2 percent for the week ending Nov. 4, 2016, from one week earlier.
  • The refinance share of mortgage activity decreased to 62.3 percent of total applications from 62.7 percent the previous week.
  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to its highest level since June 2016, 3.77 percent, from 3.75 percent.

Email market reports to press@inman.com.