U.S. home price growth continued but slowed in April according to the S&P Case-Shiller Home Price Indices. The national home price index posted year-over-year home price growth of 20.4 percent in April as compared to the corresponding home price growth rate of 20.6 percent in March. Analysts said that diminishing affordability was slowing rapid gains in home prices seen during the pandemic.
What’s Ahead For Mortgage Rates This Week – June 27, 2022
Last week's economic reporting included readings on home sales, Fed Chair Jerome Powell's testimony on monetary policy to the House Financial Services Committee, and the University of Michigan's Consumer Sentiment Index. Weekly reports on mortgage rates and jobless claims were also released.
What’s Ahead For Mortgage Rates This Week – June 13, 2022
Last week's economic reporting was highly focused on inflation, which grew at its fastest pace since 1981. Rising fuel and food prices boosted inflation in the U.S. and abroad; Analysts said the Ukraine War and supply chain problems continued to drive inflation. Weekly readings on mortgage rates and jobless claims were also released.
Case-Shiller, FHFA Post New Records for Home Price Growth
S&P Case-Shiller's National Home Price Index rose by 19.80 percent year-over-year in February and was the third-largest pace of home price growth since the National Home Price Index's inception.
What’s Ahead For Mortgage Rates This Week – April 25, 2022
Last week's economic reporting included the National Association of Home Builders Housing Market Index, government readings on housing starts and building permits, and data on sales of previously-owned homes. Weekly readings on mortgage rates and jobless claims were also released.
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