Today’s News Synopsis:

Mortgage rates remain the same overall with 30-year rates at 3.42% and 15-year rates at 2.72%.  More and more homeowners are taking advantage of the increase in home values and taking out more home equity loans.  Foreclosures in Oklahoma showed a 19% increase over the last 2 years.

In The News:

Freddie Mac – “Mortgage Rates Largely Unchanged” (10-6-16)

“Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely unchanged ahead of this week’s employment report.”

RealtyTrac – “Oklahoma Foreclosure Activity Increased 19 Percent Over Past Two Years Along With Spike in Earthquake Activity and Drop in Oil Prices” (10-6-16)

“ATTOM Data Solutions, the nation’s leading source for comprehensive housing data, and Greenfield Advisors (www.greenfieldadvisors.com), a leading economic and real estate research firm, today released an analysis of housing market trends in Oklahoma following the recent spike in earthquake activity in that state.”

CNBC – “Real estate adds diversification, but how should you invest?” (10-6-16)

“By all measures, the real estate sector, along with the rest of the economy, is roaring again. Just look at median home prices of existing homes.”

Inman – “Infographic: How much is it to rent a one-bedroom in Los Angeles?” (10-6-16)

“Zumper recently examined May’s median rent prices of one-bedroom homes in Los Angeles this fall.”

HousingWire – “California homeowners take advantage of rising home values” (10-6-16)

“Rising home prices are causing an affordability crisis, keeping many from entering the home buying market.”

Bloomberg – “Consumer Comfort Eases to Second-Lowest Level Since Mid-December” (10-6-16)

“Consumer sentiment last week eased to the second-lowest level since mid-December as Americans’ perceptions of their finances and the buying climate dimmed, according to figures from the Bloomberg Consumer Comfort Index released Thursday.”