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Daily market update: Sept. 3, 2015

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

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// 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. 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: ...