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.

The Federal Housing Finance Agency’s second-quarter Foreclosure Prevention Report:

  • Fannie Mae and Freddie Mac completed 63,593 foreclosure prevention actions in the second quarter (Q2) of 2015.
  • The real estate-owned inventory for both government-sponsored enterprises declined 14 percent during Q2.
  • The number of 60-plus-day delinquent loans declined 6 percent during Q2.

NAR’s August Pending Home Sales:

  • Pending home sales decreased 1.4 percent to 109.4 in August 2015 from July 2015.
  • Pending home sales are still up 6.1 percent year-over-year.
  • The national median existing-home price is expected to increase 5.8 percent in 2015 to $220,300.

Black Knight July 2015 Home Price Index Report:

  • U.S. home prices were up 0.4 percent month-over-month in July 2015.
  • They were up 5.3 percent year-over year.
  • This is 5.5 percent below the June 2006 market peak.

BKFS_HPI_Jul2015_US_hi_res

Weekly mortgage rates:

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Last week’s most recent market news:

Black Knight Financial’s “First Look” at August 2015 mortgage data:

  • The total loan delinquency rate in the U.S. was 4.85 percent, up 2.47 percent month-over-month but down 18.22 percent year-over-year.
  • The total foreclosure pre-sale inventory rate was 1.37 percent, down 2.17 percent month-over-month and 23.74 percent year-over-year.
  • The total foreclosure starts numbered 80,500, up 6.76 percent month-over-month but down 1.35 percent year-over-year.

 

black-knight-aug-2015

Inside Mortgage Finance’s Housing Pulse survey:

  • In August 2015, current homeowners accounted for 49.3 percent of purchases.
  • The first-time homebuyer share in August was 36.4 percent of purchases. The investor share was 14.4 percent.
  • The sales-to-list price ratio for non-distressed properties was 98.3 percent in August, a slight 0.2 percent decline from July.

Send market reports to press@inman.com.

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