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October 2015 home price index:

  • The Home price index for October 2015 was $254,000.
  • New York, Tennessee and Texas hit new peaks in October.
  • Connecticut saw the most negative monthly movement.

BKFS_HPI_Oct2015_US_hi_res

Mortgage rates:

 

Home equity rates:

 

Last week’s most recent market news:

National Association of Realtors’ Pending Home Sales Index for November 2015:

    • The pending home sales index declined by 0.9 percent to 106.9 in November
    • This is 0.9 percent below October’s index but 2.7 percent above November 2014.
  • The November annual gain was the smallest since October 2014.

First American’s Loan Application Defect Index for November 2015:

    • The defect index fell 1.3 percent month-over-month in November 2015.
  • The index fell 8.2 percent year-over-year in November 2015.
  • The defect index for refinance transactions was down 2.9 percent month-over-month, 10.7 percent year-over-year.

Federal Housing Finance Agency’s November 2015 mortgage index:

  • The national average contract mortgage rate for previously occupied homes was 3.85 percent, down from 3.89 percent in October.
  • The average interest rate on all mortgage loans was 3.86 percent, down from 3.90 percent in October.
  • The average loan amount for all mortgage loans was $319,800, up from $308,600 in October.
National Average Contract Mortgage Rate for Previously Occupied Homes Nov 2014 - Nov 2015

National Average Contract Mortgage Rate for Previously Occupied Homes Nov 2014 – Nov 2015

Freddie Mac’s Multi-Indicator Market Index (MiMi):

  • The national MiMi value stands at 81.9.
  • This is 0.59 percent up from September to October 2015.
  • This also indicates a 6.31 percent year-over-year increase.