Inman

Daily market update: July 18, 2017

AshDesign / Shutterstock.com

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

Most recent market news

Wednesday, July 19

Monthly New Residential Construction

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2017.

News from earlier this week

Tuesday, July 18

30-Year Fixed Mortgage Rates Fall; Current Rate is 3.75 Percent, According to Zillow Mortgage Rate Ticker

Current rates for 30-year fixed mortgages by state.

“Mortgage rates fell from 60-day highs last week, prompted by weak domestic inflation and retail sales data, and reports that interest rates could rise in Europe as the European Central Bank ends recession-era policies,” said Erin Lantz, vice president of mortgages at Zillow. “Developments overseas – notably Thursday’s ECB meeting – are likely to drive financial markets this week with few major U.S. data releases on the schedule.”

Email market reports to press@inman.com.