Markets & Economy

Daily market update: December 12, 2016

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

Mortgage rates:

 

Home equity rates:

Most recent market news:

Attom Data Solutions’ Q3 2016 home flipping report:

  • There were a total of 45,718 single family home and condo sale flips in the third quarter of 2016.
  • This represents 5.1 percent of all single family and condo sales during the quarter.
  • The 5.1 percent Q3 2016 home flipping rate was down from a 5.6 percent rate in the previous quarter and unchanged from Q3 2015.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year mortgage rate averaged 4.13 percent with an average 0.5 point for the week ending December 8, 2016.
  • This is up from last week when it averaged 4.08 percent.
  • A year ago at this time, the 30-year FRM averaged 3.95 percent.
Freddie Mac's Primary Mortgage Market Survey: Dec. 8, 2016

Freddie Mac’s Primary Mortgage Market Survey: Dec. 8, 2016

CoreLogic’s Q3 2016 Home Equity Report:

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  • 384,000 residential properties regained equity in Q3 2016.
  • 6.3 percent of mortgaged homes were in negative equity in Q3.
  • The value of homes in negative equity was estimated to be $281.9 billion.

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Email market reports to press@inman.com.