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.

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index decreased 0.8 percent week-over-week.
  • The Refinance Index decreased 1.0 percent week-over-week.
  • The seasonally adjusted Purchase Index decreased 1.0 percent week-over-week.

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:

First American’s Homeownership Progress Index:

  • The inaugural Homeownership Progress Index (HPRI) fell 1.6 percent in 2014 from an index value of 68 in 2013.
  • The index is currently 7 percent above the 1994 low point of homeownership.
  • Washington, D.C., homeownership levels have increased the most — 155.0 percent.

 

U.S. Census Bureau’s September 2015 Construction report:

  • Construction spending during September 2015 was estimated at $1,094.2 billion (seasonally adjusted rate).
  • This is 0.6 percent above the revised August 2015 estimate and 14.1 percent above the September 2014 estimate.
  • Spending on private construction was at $794.2 billion, 0.6 percent above the revised August estimate.

CoreLogic September 2015 Home Price Index report:

  • Home prices nationwide — including distressed sales — increased by 6.4 percent year-over-year in September 2015.
  • Home price increases have been stable for the last 15 months, ranging between a 4.8 percent and 6.5 percent year-over-year increase.
  • The number of overvalued top markets doubled from the first quarter to the second quarter.

core-logic-hpi-sept2015ApartmentList’s October 2015 rent report:

  • Nationwide, rent increased by 4.2 percent for a one-bedroom and 3.2 percent for a two-bedroom year-over-year- in October 2015.
  • Rent increased 0.1 percent month-over-month for both one-bedroom and two-bedroom units.
  • San Francisco, New York and Washington, D.C., were the three cities with the highest rent.

NationalGrowthOct2015-1024x588

Send market reports to press@inman.com.

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