Markets & Economy

Daily market update: December 20, 2016

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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

CoreLogic Housing Credit Index for Q3 2016:

  • The average credit score for the lowest 1 percent of homebuyers was between 622 and 624.
  • The average credit score on purchase money loans in Q3 was 739.
  • The share of home purchases with loan-to-value of 95 percent or higher was 43 percent, down from 47 percent in Q3 2015.

screen-shot-2016-12-20-at-8-47-05-am

Mortgage rates:

 

Home equity rates:

Most recent market news:

First American Financial Services Potential Home Sales Model for November 2016:

  • Potential existing-home sales increased to a 6.1 million seasonally adjusted annualized rate (SAAR).
  • This was 4.0 percent above November 2015.
  • Currently, potential existing-home sales is 98,000 (SAAR) or 1.6 percent below the pre-recession peak of market potential, which occurred in July 2005.

121916-phs

Are you a rich broker, or a poor broker?
How to drive automation and profit from Robert Kiyosaki's 'Cashflow Quadrant‘ READ MORE

Email market reports to press@inman.com.