We’ll add more market news briefs throughout the day. Check back to read the latest.
- 30-year fixed-rate mortgages (FRM) averaged 4.15 percent with an average 0.5 point for the week ending Feb. 16, 2017.
- This is down from last week when it averaged 4.17 percent.
- A year ago at this time, the 30-year FRM averaged 3.65 percent.
- Closing time for all loans increased slightly in January to 51 days.
- The average 30-year rate for all loans increased to 4.31 in January, up from 4.05 in December.
- 69 percent of all closed loans had FICO scores over 700.
- Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,285,000, 4.6 percent above the revised December rate of 1,228,000 and 8.2 percent above the January 2016 rate of 1,188,000.
- Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,246,000, 2.6 percent below the revised December estimate of 1,279,000, but 10.5 percent above the January 2016 rate of 1,128,000.
- Privately-owned housing completions in January were at a seasonally adjusted annual rate of 1,047,000, 5.6 percent below the revised December estimate of 1,109,000 and 0.9 percent below the January 2016 rate of 1,056,000.
Home equity rates:
Most recent market news:
Is technology getting in the way of your success?
A commentary by EXIT Realty Corp. International CTO, John Packes READ MORE
- Mortgage applications decreased 3.7 percent from one week earlier for the week ending February 10, 2017.
- The refinance share of mortgage activity decreased to 46.9 percent of total applications, its lowest level since June 2009, from 47.9 percent the previous week.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 4.32 percent from 4.35 percent.
- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.80 percent of all loans outstanding at the end of the fourth quarter of 2016.
- The delinquency rate was up 28 basis points from the previous quarter, and was three basis points higher than one year ago.
- The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 3.13 percent, an increase of 17 basis points from last quarter, and a decrease of 31 basis points from last year.
- 17.3 million single family homes and condos with a combined estimated market value of $4.9 trillion are in ZIP codes with high or very high risk for at least one of four environmental hazards: Superfunds, brownfields, polluters or poor air quality.
- The 17.3 million single family homes and condos in high-risk zip codes represented 25 percent of the 68.1 million single family homes and condos in the 8,642 ZIP codes analyzed.
- Of the 8,642 zip codes analyzed, 6,238 with 50.8 million single family homes and condos (75 percent) worth a combined $16.9 trillion did not have a High or Very High risk index for any of the four environmental hazards.
Email market reports to email@example.com.