What’s Ahead For Mortgage Rates This Week – December 4, 2017
Last week's economic releases included readings on new and pending home sales, Case-Shiller index readings for September, and construction spending. Weekly readings on new jobless claims and mortgage rates were also released. Home Price Growth Driven by Shortage of Homes for Sale Case-Shiller Home Price Indices reported 6.20 percent growth in home prices year-over-year in September as compared to August's reading of 6.00 percent year-over-year growth for August. September's reading was the highest for national home price growth since 2014. According to the 20-City Home Price Index, Seattle, Washington held on to first position with 12.90 percent home price growth…