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Daily market update: February 9, 2017

02/09/2017

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

Attom Data Solutions Year-End 2016 Home Equity and Underwater Report:

As of the end of 2016, there were 5.4 million (5,408,323) U.S. properties seriously underwater — where the combined loan amount secured by the property was at least 25 percent higher than the property’s estimated market value. This is a decrease of more than 1 million properties (1,028,058) from a year ago. The 5.4 million seriously underwater properties at the end of 2016 represented 9.6 percent of all U.S. properties with a mortgage, down from 10.8 percent at the end of Q3 2016 and down from 11.5 percent at the end of 2015. 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 Weekly Applications Survey:

Mortgage applications increased 2.3 percent from one week earlier for the week ending February 3, 2017. The refinance share of mortgage activity decreased to 47.9 percent of total applications, its lowest level since June 2009, from 49.4 percent the previous week. The FHA share of total applications decreased to 11.9 percent from 12.1 percent the week prior.

Email market reports to press@inman.com.

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