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Daily market update: February 15, 2017

02/14/2017

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

Attom Data Solutions Environmental Hazard Housing Risk Index Report:

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. Mortgage rates: 30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio

 

Home equity rates: Average Home Equity Loan Bank Rates by State | Credio Average Home Equity Loan Credit Union Rates by State | Credio Most recent market news:

Mortgage Bankers Association’s Builder Applications Survey:

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2017 shows mortgage applications for new home purchases increased 9.2 percent compared to January 2016. Compared to December 2016, applications increased by 22 percent relative to the previous month. By product type, conventional loans composed 67.2 percent of loan applications, FHA loans composed 18.6 percent, RHS/USDA loans composed 1.1 percent and VA loans composed 13 percent. The average loan size of new homes decreased from $331,354 in December to $329,806 in January.

CoreLogic’s National Foreclosure Report for December 2016:

There were 21,000 completed foreclosures in December 2016, down from 36,000 the previous year. The “seriously delinquent” rate is at 2.6 percent, the lowest level since June 2007. About 335,000 homes were in some stage of foreclosure in December 2016.

Quicken Loans National Home Price Perception Index (HPPI) for January 2017:

The national HPPI shows appraised values were 1.47 percent lower than homeowners estimated in January. Home values rise 3.93 percent year-over-year nationally, despite slight drop from previous month, according to the Quicken home value index. Appraisal values in January fell slightly, 0.34 percent month-over-month.

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