Daily market update: Sept. 28, 2015

Inman

9 years ago

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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.

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.

Weekly mortgage rates:

Last week’s most recent market news:

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.

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.

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