We’ll add more market news briefs throughout the day. Check back to read the latest.
Mortgage rates:
30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio
15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio
Home equity rates:
Average Home Equity Loan Bank Rates by State | Credio
Average Home Equity Loan Credit Union Rates by State | Credio
Yesterday’s most recent market news:
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.
Send market reports to press@inman.com.
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