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.
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.
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.
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.
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.
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.
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.
