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Daily market update: Aug. 17, 2015

Our daily recap of market news, updated regularly with new tidbits

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Here's the latest market news, summarized and recapped: Friday's daily mortgage averages: 30-year fixed: 3.90 percent Thursday: 3.99 percent 15-year fixed: 3.03 percent Thursday: 3.02 percent 1-year adjustable-rate: 2.62 percent Thursday: 2.64 percent BuildFax's new residential and remodeling permit activity report: Both new residential construction and remodeling activity -- measured by building permits pulled -- were down nationally in July when compared to June. Year-over-year, new residential permit activity is up 3 percent, and remodeling has declined by 6 percent. Zillow's first-time homebuyer survey: Americans rent for an average of six years before they purchase their first homes. Americans are also buying increasingly expensive first homes. First-time buyers are older and less likely to be married than in the past. We'll add more market news briefs throughout the day. Check back to read the latest....