Mortgage rates plus all the latest real estate market news.

Freddie Mac’s Primary Mortgage Market Survey results

  • The 30-year fixed-rate mortgage increased slightly over last week’s 3.84 percent to 3.89 percent, which is a slight decrease over last year’s 4.10 percent.
  • The 15-year fixed-rate mortgage was reported at 3.09 percent, up slightly from 3.06 percent last week and down from last year’s 3.24 percent.
  • The 5-year adjustable rate averaged 2.93 percent this week, up from 2.90 percent last week and down slightly from 2.97 percent last year.

unnamed

Zillow Negative Equity Report for Q2 2015

  • The negative equity rate in the U.S. dropped below 15 percent in the second quarter of 2015.
  • Nearly 20 percent of condo owners were underwater, most notably in cities such as Chicago, Orlando and Las Vegas.
  • 7.4 million homeowners were underwater at the end of the second quarter of 2015, down from when figures were at their worst at 15 million.

RealtyTrac’s released its second annual U.S. Natural Disaster Housing Risk Report:

  • 43 percent of U.S. homes and condos, or an estimated market value of $6.6 trillion in property, are in counties with a high risk or very high risk for at least one type of natural disaster.
  • California, Florida, New York, New Jersey and North Carolina have the most homes in high to very high risk counties for overall natural disasters.
  • The 10-year home price growth is stronger in areas of low natural disaster risk, but home values are higher in counties with high risk.

image006

 

 

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

Yesterday’s market news:

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 multifamily 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.

Send market reports to press@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×