Daily market update: Sept. 2, 2015

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

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

// The U.S. Census Bureau of the Department of Commerce Residential Construction Residential construction spending increased on a monthly basis by 1.1 percent bringing it to a seasonally adjusted annual rate of $380.8 billion in July. Residential construction spending increased in July 2015 by 15.8 percent over July 2014. New residential multi-family construction decreased on a monthly basis by 2.2 percent but increased annually in July by 21.2 percent. 30-year fixed mortgages according to Zillow Mortgage Rate Ticker: The 30-year fixed mortgage rate is currently up eight basis points from last week to 3.75 percent. The 15-year fixed home loan is currently 2.92 percent. The biggest change in mortgage rates was 10 basis points in Florida bringing the current 30-year fixed rate to 3.81 percent. National Mortgage Rates by Mortgage Marvel ® Mortgage Widgets | Get Mortgage Rate Quotes // National Home Loan Rates by Mortgage Marvel ® ...