Inman

Daily market update: July 13, 2017

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We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Thursday, July 13

30-Year Fixed Mortgage Rates Remain Flat; Current Rate is 3.83 Percent, According to Zillow Mortgage Rate Ticker

Above are current rates for 30-year fixed mortgages by state.

“Despite some ups and downs, mortgage rates were essentially flat last week, holding near their highest levels since mid-May and roughly 15 basis points above their recent low in late June,” said Erin Lantz, vice president of mortgages at Zillow. “Rates should be relatively flat again this week, with low expectations for inflation data on Friday, and Fed officials likely to remain cautious in their comments.”

Mortgage Applications Decrease in Latest MBA Weekly Survey

News from earlier this week

Tuesday, July 11

CoreLogic Loan Performance Insights through April 2017

“Most major indicators of mortgage performance improved in April, showing that the market continues to benefit from improved economic growth and home prices increases,” said Frank Nothaft, chief economist at CoreLogic. “Regionally, with the exception of several energy industry intensive states — Alaska and North Dakota — the rest of the U.S. continues to see improvements in mortgage performance. While overall performance is improving, it reflects the older legacy pipeline of loans that continue to heal, especially in judicial states which typically take longer to clear out.”

Paragon Real Estate Mid-Year Reports: San Francisco Residential and Investment Real Estate

Paragon Real Estate

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