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.

Freddie Mac’s September 2015 Insights & Outlook:

  • Home sales this year are expected to be the highest since 2007.
  • Low mortgage rates and the decline in unemployment is boosting demand for homes.
  • Freddie Mac has increased its estimate of 2015 mortgage originations to $1.53 trillion and 2016 originations to $1.40 trillion.

Weekly mortgage rates:

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Powered by MortgageCalculator.org

Yesterday’s market news:

CoreLogic’s cash sales blog post:

  • Cash sales comprised 31.3 percent of total home sales in June 2015, down from 33.9 percent year-over-year.
  • Cash shares fell by 0.7 percentage points in June 2015 compared with May 2015.
  • Prior to the great recession, cash sales share of total home sales averaged about 25 percent.

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Realtor.com’s advance read on market trends and hotness index:

  • The national median list price is $230,000, down 1 percent over August 2015 and up 6 percent year-over-year.
  • The median age of inventory is now 80 days, up 6.7 percent from August 2015 but down 5 percent year-over-year.
  • Eleven California cities appear on the list of the 20 hottest markets in the U.S.

realtordotcom-september-look

 

 

S&P/Case-Shiller July 2015 Home Price Index:

  • The index rose 4.7 percent year-over-year in July 2015.
  • The national index rose 0.7 percent month-over-month in July.
  • San Francisco, Denver and Dallas reported the highest year-over-year gains with 10.4 percent, 10.3 percent and 8.7 percent price increases, respectively.

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Auction.com’s September 2015 Real Estate Nowcast:

  • Existing home sales are up 1.7 percent from August 2015 and 5.9 percent from September 2014.
  • Sales prices for existing homes will fall between $216,372 and $239,148 in September, with a targeted price of $227.760.
  • This represents an 8.9 percent year-over-year increase.

auction-nowcast

Federal Housing Finance Agency’s August 2015 average interest rates:

  • Interest rates on conventional mortgages decreased from July to August.
  • The average interest rate on all mortgage loans was 3.99 percent, down from 4.01 percent in July.
  • The average interest rate on conventional 30-year fixed-rate mortgages of $417,000 or less was 4.20 percent, unchanged from July.

fhfa-mortgage-values

Send market reports to press@inman.com.

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