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Daily market update: Aug. 18, 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: Monday's daily mortgage averages: 30-year fixed: 4.00 percent Friday: 3.90 percent 15-year fixed: 3.03 percent Friday: 3.03 percent 1-year adjustable-rate: 2.62 percent Friday: 2.62 percent Trulia's analysis of U.S. Census Bureau new home construction statistics: New home starts fell slightly in July from June, but they were still 10.1 percent higher than in July 2014. At 1.2 million, new home starts are still at historically low levels. Permits posted also showed a monthly decline of 6.3 percent but a year-over-year growth of 7.5 percent. Re/Max's monthly housing report for July 2015: Completed transactions in July 2015 were 3.2 percent lower than June 2015 but 11.3 percent higher than sales in July 2014. Home prices have risen for 42 consecutive months, year-over-year. Median price for homes sold in July was $215,000, and inventory was down 1.0 percent from June 201...