01
Dec
By
Market Outlook, ,

What’s Ahead For Mortgage Rates This Week – December 1, 2014

Last week's scheduled economic events were packed into Tuesday and Wednesday, but several housing-related reports were released including the Case-Shiller National and 10-and 20-City Home Price Indices for September, The FHFA House Price Index also for September, and New and Pending Home Sales for October. Case-Shiller, FHFA Report Slower Growth in Home Prices According to Case-Shiller home price indices released Tuesday, the national rate of home price growth has slowed from August's year-over-year reading of 5.60 percent to September's reading of 4.90 percent. This was the lowest rate of home price growth in two years and was seen by analysts…
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26
Nov
By
Market Outlook, ,

Case-Shiller Home Prices: Price Growth Slows in September

According to the Case-Shiller National Home Price Index, annual home price growth slipped to a seasonally-adjusted rate of 4.80 percent in September. This was 0.30 percent lower than August's year-over-year reading of 5.10 percent. Cities posting the highest year-over-year gains in home prices were Miami, Florida 10.30 percent, Las Vegas, NV with a gain of 9.10 percent, San Francisco, California posted a gain of 7.90 percent, Dallas home prices gained 7.40 percent and home prices increased by 6.70 percent in Portland, Oregon. David M. Blitzer, chairman of the S&P Dow Jones Index Committee, said that Florida and the Southeastern region…
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24
Oct
By
Market Outlook, ,

Good News! Existing Home Sales Up And FHFA Home Prices Rise

After months of reports of slowing home price momentum and forecasts of a lagging housing market, we are pleased to report an increased volume of existing home sales as reported by the National Association of REALTORS®. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, reported rising prices for homes connected with Fannie Mae and Freddie Mac mortgages. Here are the details. Pedal to the Metal: Existing Home Sales Achieve Fastest Rate in a Year September sales of previously owned homes reached a seasonally adjusted annual rate of 5.17 million sales against expectations of 5.10 million…
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