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.

Yardi Matrix October 2015 multifamily report:

  • U.S. multifamily rents stayed level at $1,166 in October.
  • This was the first survey in 2015 in which rent did not rise month-over-month.
  • The October year-over-year rate increased by 6.7 percent.

yardi-multifamily

Mortgage rates:

[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]

 

Home equity rates:

[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]

[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]

Yesterday’s most recent market news:

NAR’s Pending Home Sales Index for September 2015:

  • NAR reported that the September index was the second-lowest reading in 2015.
  • The index declined 2.3 percent to 106.8 in September from 109.3 in August.
  • The index has still increased year-over-year for 13 months.

ProTeck Valuation Services’ Home Value Forecast (HVF) for October:

  • The HVF recorded that 29 core-based statistical areas (CSBAs) received their highest raw score possible.
  • All 29 CSBAs have less than four months of remaining inventory.
  • Of those 29 CSBAs, 21 are west of the Rockies.

Auction.com’s Q3 Investor Activity Report:

  • Flipping is the preferred investment strategy among investors for the fourth consecutive quarter.
  • Investor intent varies depending on the type of auction and investor profile.
  • Respondents making a one-time purchase preferred hold-to-rent strategies, while full-time investors favored flipping.

auction-investor-interest

Federal Housing Finance Agency’s mortgage interest rates for September 2015:

  • The national average contract mortgage rate for previously occupied homes was 3.93 percent in September, down from 3.99 percent in August.
  • The average interest rate on all mortgage loans was 3.95 percent, down from 3.99 percent in August.
  • The average loan amount was $307,700 in September, up from $303,300 in August.
MIRS Graph from October 2015 release

MIRS Graph from October 2015 release

RealtyTrac’s Q3 Home Flipping Report:

  • Home flipping declined to 5 percent of its total share of sales in Q3.
  • The average flipping return increased to 33.8 percent in Q3.
  • Completed flips in Q3 took an average of 175 days, almost six months.

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Send market reports to press@inman.com.

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