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Federal Housing Finance Agency’s Mortgage Interest Rates for October 2016:

  • The national average contract mortgage rate for previously occupied homes by combined lenders index was 3.62 percent for loans closed in late October.
  • This is up 1 basis point from 3.61 percent in September.
  • The average loan amount for all loans was $312,700 in October, up $9,800 from $302,900 in September.

 

nacm_11292016

Black Knight Financial Services’ “First Look” At October 2016 Mortgage Data:

  • October’s 56,500 foreclosure starts was the lowest one-month total in nearly 12 years.
  • Active foreclosure inventory continues to improve — just over 500,000 active foreclosure cases remain.
  • Prepayment activity was down slightly from September but remains 37 percent above last year’s level.

bkfs_first_look_oct2016_chart01

S&P/Case-Shiller National Home Price Index for September 2016:

  • The National Home Price Index rose 5.5 percent year-over-year in September 2016.
  • This is up from August 2016’s 5.1 percent year-over-year gain.
  • The national index posted a month-over-month gain of 0.4 percent in September 2016.

portable-network-graphics-image

 

Redfin Housing Demand Index for October 2016:

  • The Redfin Housing Demand Index declined 3.5 percent from September to a seasonally-adjusted level of 100 in October.
  • In October, the number of Redfin customers requesting home tours fell 3.7 percent from September, and the number of customers writing offers on homes fell 5.9 percent.
  • Across the 15 metro areas tracked by the Demand Index, the number of homes listed in October was 9.5 percent lower than a year earlier.

national_deseas

Zillow’s October 2016 market report:

  • Home values rose 6.2 percent over the past year to a Zillow Home Value Index (ZHVI) of $191,200 in October.
  • Rents rose 1.4 percent over the past year to a Zillow Rent Index (ZRI) of $1,402.
  • There are 5.7 percent fewer homes for sale than a year ago, with Boston and Indianapolis reporting the greatest drop in inventory.

fig-1-zhpe-631dcc

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:

 

Black Knight Financial Services Home Price Index (HPI) Report for September 2016:

  • The U.S. HPI was $266,000 in September 2016.
  • This is 0.1 percent higher than August 2016.
  • It’s also 5.4 percent higher than September 2015.

bkfs_hpi_sep2016_us_hi_res

First American Real House Price Index for September 2016:

  • Real house prices increased 1.0 percent between August 2016 and September 2016.
  • Compared to September 2016, real house prices decreased by 2.0 percent.
  • Real house prices are 40.4 percent below their housing-boom peak in July 2006 and 19.9 percent below the level of prices in January 2000.

peak-prices-san-francisco-detroit-2

Email market reports to press@inman.com.

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