Daily market update: December 20, 2016

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.

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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:

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.

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