Mortgage rates plus all the latest real estate market news.

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

Mortgage Bankers Association Weekly Applications Survey:

  • Mortgage applications increased 13.9 percent from one week earlier during the week ending Sept. 18, 2015.
  • The refinance share of mortgage activity increased to 58.4 percent of total applications from 56.2 percent the week prior.
  • The FHA share of total applications decreased to 12.9 percent from 14.2 percent the previous week.

Freddie Mac’s Multi-Indicator Market Index (MiMi):

  • The national MiMi is 81, an improvement of 0.93 percent from June 2015 to July 2015.
  • Twenty-nine of the 50 states, plus Washington, D.C., have MiMi values in a stable range.
  • Forty-six of the 100 metro areas measured have MiMi values in a stable range.

Weekly mortgage rates:

Powered by MortgageCalculator.org

Powered by MortgageCalculator.org

Yesterday’s market news:

  • Home prices in July were up 0.6 percent month-over-month.
  • Year-over-year, July home prices were up 5.8 percent.
  • The overall index is 1.1 percent below the March 2006 peak, at roughly the same level as the November 2006 index.
     

     

    • The U.S. housing market is leveling off. It’s appreciating 3.3 percent from a year ago to a Zillow Home Value Index of $180,800.
    • Before the 2008 crash, 21.2 percent of homes (on average) were decreasing in value. Today’s percentage of average homes decreasing in value: 27.9 percent.
    • In Baltimore, 48.1 percent of homes decreased in value during the past year.
       

       

      Send market reports to press@inman.com.
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