Mortgage rates plus all the latest real estate market news.

FNC’s July 2015 residential price index:

  • Home prices rose at 0.2 percent month-over-month, a much slower pace than the January through May price increases.
  • This is the weakest June-to-July seasonal growth in the past three-and-a-half years.
  • Final sales for foreclosed and REO properties comprised 9.0 percent of all total existing homes sales, down from 9.7 percent in June 2015 and 10.4 percent in July 2014.

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Trulia’s housing affordability research:

  • Affordability has fallen in 89 of the 100 largest housing markets.
  • Ohio is the most affordable state; California is the least.
  • Some affordable metros become less affordable when transportation and utility costs are factored in.

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Weekly mortgage rates:


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

Yesterday’s market news:

NAR’s housing affordability numbers for July:

  • The median single-family home price is $235,500, up 5.8 percent from July 2014.
  • The West had the biggest increase in price at 8.4 percent; the Northeast saw price increases of 1.8 percent, making this region the slowest-growing in the U.S.
  • Nationally, affordability indices are down from 155.4 in July 2014 to 151.2 in July 2015.

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