Markets & Economy

Daily market update: November 15, 2016

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

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

  • Mortgage applications for new home purchases increased 8 percent year-over-year in October 2016.
  • Applications decreased by 2 percentage points month-over-month.
  • New single-family home sales were running at a seasonally adjusted annual rate of 547,000 units in October 2016.

Mortgage rates:

 

Home equity rates:

Most recent market news:

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

Email market reports to press@inman.com.