Daily market update: Aug. 17, 2015

Here’s the latest market news, summarized and recapped:

Friday’s daily mortgage averages:

• 30-year fixed: 3.90 percent
  • Thursday: 3.99 percent
• 15-year fixed: 3.03 percent
  • Thursday: 3.02 percent
• 1-year adjustable-rate: 2.62 percent
  • Thursday: 2.64 percent

BuildFax’s new residential and remodeling permit activity report:

• Both new residential construction and remodeling activity — measured by building permits pulled — were down nationally in July when compared to June.
• Year-over-year, new residential permit activity is up 3 percent, and remodeling has declined by 6 percent.

Zillow’s first-time homebuyer survey:

• Americans rent for an average of six years before they purchase their first homes.
• Americans are also buying increasingly expensive first homes.
• First-time buyers are older and less likely to be married than in the past.

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