Here’s what happened this week in the real estate market.

Check Inman every day for the daily version of this market roundup.

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”]

Thursday, Dec. 3:

Zillow’s negative equity report for Q3 2015:

  • The negative equity rate fell 1 percent quarter-over-quarter and 3.5 percent year-over-year.
  • Las Vegas has had the highest negative equity rate in the country for the past four-and-a-half years; it was 22 percent in Q3 2015.
  • San Francisco and San Jose are the only large markets where less than 5 percent of homeowners are underwater.

Metro Name

Q3 2015 Effective Negative Equity Rate

Q3 2015 Negative Equity Rate

Q3 2014 Negative Equity Rate

United States

30.2%

13.4%

16.9%

New York-Northern New Jersey

24.3%

11.5%

13.6%

Los Angeles-Long Beach-Anaheim, CA

16.6%

7.1%

7.8%

Chicago, IL

37.8%

20.6%

25.3%

Dallas-Fort Worth, TX

18.4%

5.8%

9.3%

Philadelphia, PA

33.8%

15.5%

18.1%

Houston, TX

18.4%

6.2%

7.4%

Washington, DC

34.2%

15.7%

18.4%

Miami-Fort Lauderdale, FL

26.1%

14.7%

20.1%

Atlanta, GA

37.9%

18.6%

27.1%

Boston, MA

18.3%

7.1%

9.6%

San Francisco, CA

11.0%

4.7%

7.3%

Detroit, MI

29.8%

16.6%

22.0%

Riverside, CA

30.7%

14.3%

18.2%

Phoenix, AZ

35.4%

16.4%

21.7%

Seattle, WA

25.7%

10.2%

16.2%

Minneapolis-St Paul, MN

30.8%

11.7%

15.6%

San Diego, CA

21.6%

8.1%

10.1%

St. Louis, MO

37.6%

17.6%

22.7%

Tampa, FL

31.5%

15.7%

22.0%

Baltimore, MD

36.9%

16.9%

20.1%

Denver, CO

15.2%

5.5%

8.2%

Pittsburgh, PA

23.3%

9.8%

10.7%

Portland, OR

20.8%

6.2%

11.2%

Charlotte, NC

32.1%

11.0%

16.5%

Sacramento, CA

27.3%

11.6%

15.7%

San Antonio, TX

31.2%

10.7%

12.2%

Orlando, FL

32.6%

16.1%

21.9%

Cincinnati, OH

35.6%

14.5%

18.7%

Cleveland, OH

34.5%

16.8%

20.7%

Kansas City, MO

38.1%

16.6%

20.7%

Las Vegas, NV

41.3%

22.1%

27.8%

Columbus, OH

31.8%

12.9%

17.6%

Indianapolis, IN

37.2%

15.5%

17.9%

San Jose, CA

7.7%

3.0%

4.5%

Austin, TX

20.3%

6.8%

8.0%

Auction.com’s Residential Real Estate Nowcast for November 2015:

  • The existing home sales for November is slated to fall between seasonally adjusted annual rates of 5.19 and 5.54 million annual sales.
  • Sales will be up 8.4 percent year-over-year but relatively flat month-over-month.
  • Existing home sales have stalled, averaging 5.45 million annual sales pace.

Freddie Mac’s Primary Mortgage Market Survey:

  • The 30-year fixed-rate mortgage (FRM) averaged 3.93 percent with an average 0.6 point for the week ending December 3, 2015, down from 3.93 percent last week.
  • The 15-year FRM averaged 3.16 percent with an average 0.5 point, down from 3.18 percent last week.
  • The 5-year Treasury-indexed ARM averaged 2.99 percent this week with an average 0.5 point, down from 3.01 percent last week.

PMMI-dec3-2015

Wednesday, Dec. 2:

Mortgage Bankers Association’s Weekly Applications Survey:

  • The Market Composite Index decreased 0.2 percent week-over-week.
  • The Refinance Index decreased 6 percent week-over-week.
  • The average contract interest rate for 30-year fixed-rate mortgages decreased 0.02 percent to 4.12 percent week-over-week.

Owners.com’s August-September 2015 top growth markets:

  • Denver, Orlando, Miami and Washington showed double-digit increases.
  • Denver showed a median three-bedroom single-family home price increase of 11.9 percent.
  • The New York metropolitan area showed a 6.7 percent drop.

ownersdotcom-singlefamily

Tuesday, Dec. 1:

CoreLogic’s October 2015 Home Price Insights:

  • 10 states reached new price highs in October 2015.
  • Home prices increased 1.0 percent month-over-month.
  • Home prices increased 6.8 percent year-over-year.

hpi-percentage-yoy-corelogic

 

Monday, Nov. 30:

National Association of Realtors’ October Pending Home Sales index:

  • The index rose 0.2 percent to 107.7 month-over-month in October 2015.
  • The index was up 3.9 percent year-over-year.
  • It has now increased year-over-year for 14 consecutive months.

HOPE NOW’s Q2 foreclosure sales and starts data:

  • Foreclosure sales decreased 15 percent quarter-over-quarter.
  • Foreclosure starts decreased 9 percent quarter-over-quarter.
  • During Q3, there were 18 percent fewer loan modifications completed quarter-over-quarter.

image012

Clear Capital’s November 2015 market report:

  • National home price appreciation rates fell 0.1 percent quarter-over-quarter, from 0.9 percent to 0.8 percent.
  • Growth in the West rose 0.2 percent quarter-over-quarter, outpacing the rest of the nation.
  • The Northeast also saw an increase in quarterly growth by 0.1 percent.

unnamed

Black Knight Financial Services’ Home Price Index for September 2015:

  • The September 2015 Home Price Index was up 0.1 percent month-over-month.
  • The index was up 5.5 percent year-over-year.
  • The current home price index value was $253,000.

BKFS_HPI_Sep2015_US_hi_res

Money Anxiety Index for Q3 2015:

  • Consumer spending in Q3 2015 increased by 3.0 percent quarter-over-quarter.
  • The pace of bank savings in Q3 2015 is up 0.6 percent quarter-over-quarter.
  • The Money Anxiety Index decreased by 7.4 index points year-over-year.

money-anxiety-index

Mortgage rates:

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