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.
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.
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
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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