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.

December 2015 preliminary Money Anxiety Index:

  • The December index stands at 63.2.
  • This is the same level as November 2015 but 5.8 index points lower than December 2014.
  • Consumers seem to have mixed confidence about the economy.

money-anxiety-index-dec2015-prelim

Black Knight October 2015 Mortgage Monitor:

  • High loan-to-value purchase mortgage originations were up 20 percent year-over-year in the third quarter of 2015.
  • 2015 residential home sales are up 4 percent from last year, and traditional sales are up 7 percent.
  • Distressed sales (REO or short sale transactions) have declined by 13 percent year-over-year.

 

 

black-knight-mortgage-monitor

Fannie Mae’s Home Purchase Sentiment Index (HPSI):

  • The HPSI decreased 2.4 points to 80.8 in November.
  • Consumers’ net attitudes about the direction of their household income relative to one year ago fell 5 points in November.
  • The HPSI Good Time to Sell component fell 6 points, while Good Time to Buy increased 1 point.

fannie-mae-HPSI

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”]

Last week’s most recent market news:

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

Send market reports to press@inman.com.

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