Markets & Economy

Daily market update: December 5, 2016

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

Black Knight Financial Services’ Mortgage Monitor Report for October 2016:

  • There was a rise in 30+-day delinquencies in October 2016, which pushed the national delinquency rate to 4.35 percent.
  • The overall foreclosure rate fell to below 1 percent for the first time since July 2007.
  • October saw the lowest number of foreclosure starts since January 2005.

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Mortgage Banker’s Association’s Mortgage Credit Availability Index for November 2016:

  • Mortgage credit availability increased in November to 174.1.
  • This is a 1.6 percent increase over October 2016.
  • Of the four component indices, the Conforming MCAI saw the greatest increase in availability over the month (up 2.2 percent), followed by the Government MCAI (up 1.8 percent), the Conventional MCAI (up 1.5 percent), and the Jumbo MCAI (up 0.8 percent).

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Mortgage rates:

 

Home equity rates:

Most recent market news:

Bureau of Labor Statistics’ Employment Situation Summary for November 2016:

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  • The unemployment rate declined to 4.6 percent in November.
  • Total nonfarm payroll employment increased by 178,000.
  • Employment gains occurred in professional and business services and in health care.

Email market reports to press@inman.com.