Mortgage rates plus all the latest real estate market news.

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

Zillow’s negative equity report for Q3 2015:

  • The negative equity rate fell 1 percent quarter-over-quarter and 3.5 percent year-over-year.
  • Las Vegas has had the highest negative equity rate in the country for the past four-and-a-half years; it was 22 percent in Q3 2015.
  • San Francisco and San Jose are the only large markets where less than 5 percent of homeowners are underwater.

Metro Name

Q3 2015 Effective Negative Equity Rate

Q3 2015 Negative Equity Rate

Q3 2014 Negative Equity Rate

United States

30.2%

13.4%

16.9%

New York-Northern New Jersey

24.3%

11.5%

13.6%

Los Angeles-Long Beach-Anaheim, CA

16.6%

7.1%

7.8%

Chicago, IL

37.8%

20.6%

25.3%

Dallas-Fort Worth, TX

18.4%

5.8%

9.3%

Philadelphia, PA

33.8%

15.5%

18.1%

Houston, TX

18.4%

6.2%

7.4%

Washington, DC

34.2%

15.7%

18.4%

Miami-Fort Lauderdale, FL

26.1%

14.7%

20.1%

Atlanta, GA

37.9%

18.6%

27.1%

Boston, MA

18.3%

7.1%

9.6%

San Francisco, CA

11.0%

4.7%

7.3%

Detroit, MI

29.8%

16.6%

22.0%

Riverside, CA

30.7%

14.3%

18.2%

Phoenix, AZ

35.4%

16.4%

21.7%

Seattle, WA

25.7%

10.2%

16.2%

Minneapolis-St Paul, MN

30.8%

11.7%

15.6%

San Diego, CA

21.6%

8.1%

10.1%

St. Louis, MO

37.6%

17.6%

22.7%

Tampa, FL

31.5%

15.7%

22.0%

Baltimore, MD

36.9%

16.9%

20.1%

Denver, CO

15.2%

5.5%

8.2%

Pittsburgh, PA

23.3%

9.8%

10.7%

Portland, OR

20.8%

6.2%

11.2%

Charlotte, NC

32.1%

11.0%

16.5%

Sacramento, CA

27.3%

11.6%

15.7%

San Antonio, TX

31.2%

10.7%

12.2%

Orlando, FL

32.6%

16.1%

21.9%

Cincinnati, OH

35.6%

14.5%

18.7%

Cleveland, OH

34.5%

16.8%

20.7%

Kansas City, MO

38.1%

16.6%

20.7%

Las Vegas, NV

41.3%

22.1%

27.8%

Columbus, OH

31.8%

12.9%

17.6%

Indianapolis, IN

37.2%

15.5%

17.9%

San Jose, CA

7.7%

3.0%

4.5%

Austin, TX

20.3%

6.8%

8.0%

Auction.com’s Residential Real Estate Nowcast for November 2015:

  • The existing home sales for November is slated to fall between seasonally adjusted annual rates of 5.19 and 5.54 million annual sales.
  • Sales will be up 8.4 percent year-over-year but relatively flat month-over-month.
  • Existing home sales have stalled, averaging 5.45 million annual sales pace.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.93 percent with an average 0.6 point for the week ending December 3, 2015, down from 3.93 percent last week.
  • The 15-year FRM averaged 3.16 percent with an average 0.5 point, down from 3.18 percent last week.
  • The 5-year Treasury-indexed ARM averaged 2.99 percent this week with an average 0.5 point, down from 3.01 percent last week.

PMMI-dec3-2015

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Yesterday’s most recent market news:

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index decreased 0.2 percent week-over-week.
  • The Refinance Index decreased 6 percent week-over-week.
  • The average contract interest rate for 30-year fixed-rate mortgages decreased 0.02 percent to 4.12 percent week-over-week.

Owners.com’s August-September 2015 top growth markets:

  • Denver, Orlando, Miami and Washington showed double-digit increases.
  • Denver showed a median three-bedroom single-family home price increase of 11.9 percent.
  • The New York metropolitan area showed a 6.7 percent drop.

ownersdotcom-singlefamily

Send market reports to press@inman.com.

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