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- Mortgage applications increased 0.8 percent from one week earlier for the week ending January 13, 2017.
- The refinance share of mortgage activity increased to 53.0 percent of total applications from 51.2 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to its lowest level since December 2016, 4.27 percent, from 4.32 percent.
- The median sales price of $216,000 was 4.9 percent above one year ago and 1.8 percent below November’s.
- Inventory declined 17.9 percent year-over-year in December.
- The average days on market of 62 was the lowest of any December in the report’s history.
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- Foreclosure filings (default notices, scheduled auctions and bank repossessions) were reported on 933,045 U.S. properties in 2016.
- This is down 14 percent from 2015 to the lowest level since 2006, when there were 717,522 U.S. properties with foreclosure filings.
- The report also shows that 0.70 percent of all U.S. housing units had at least one foreclosure filing in 2016, the lowest annual foreclosure rate nationwide since 2006.
- Mortgage applications for new home purchases increased 2 percent relative to December 2015.
- Compared to November 2016, applications decreased by 14 percent relative to the previous month.
- This change does not include any adjustment for typical seasonal patterns.
- The 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017.
- This is down from last week when it averaged 4.20 percent.
- A year ago at this time, the 30-year FRM averaged 3.92 percent.
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