Financial Reports

S&P Case-Schiller Indices Report Record Rise in Home Prices

Home prices continued to rise at record rates in May according to S&P Case-Shiller Home Price Indices. National home prices rose by 16.60 percent year-over-year in May as compared to 14.80 percent year-over-year price growth in April. The 10-City Home Price Index reported home prices rose 16.40 percent year-over-year and 1.90 percent month-to-month.

By |2021-07-29T05:45:00-04:00July 29th, 2021|Financial Reports|Comments Off on S&P Case-Schiller Indices Report Record Rise in Home Prices

What’s Ahead For Mortgage Rates This Week – July 19, 2021

Last week's scheduled economic reports included readings on inflation, Fed Chair Jerome Powell's testimony before the House Financial Services Committee, and the University of Michigan's Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released.

By |2021-07-19T05:45:00-04:00July 19th, 2021|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – July 19, 2021

What’s Ahead For Mortgage Rates This Week – July 12, 2021

Last week's scheduled economic reporting included readings from the Fed's Federal Open Market Committee, news on changing FHA home loan requirements for borrowers with student loans, and reporting on job openings. Weekly reports on mortgage rates and jobless claims were also released.

By |2021-07-12T05:45:00-04:00July 12th, 2021|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – July 12, 2021

What’s Ahead For Mortgage Rates This Week – June 28, 2021

Last week's economic reports included readings on sales of new and previously-owned homes. Weekly readings on mortgage rates and jobless claims were also released. New Home Sales Fall in May New home sales dropped to their lowest reading in a year in May with 769,000 new single-family homes sold on a seasonally adjusted annual basis. May's reading was 5.90 percent lower than April's reading of 817,000 sales but was 9.20 percent higher year-over-year.

By |2021-06-28T05:45:00-04:00June 28th, 2021|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – June 28, 2021

FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

The Federal Open Market Committee of the Federal Reserve said in its post-meeting statement that the Federal Reserve expects to raise its benchmark interest rate range twice during 2023. No rate changes will be made during 2022 as the economy continues to recover from the Covid-19 pandemic. The Fed's current interest rate range is 0.00 to 0.25 percent.

By |2021-06-18T05:45:00-04:00June 18th, 2021|Financial Reports|Comments Off on FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

Case Shiller: Home Prices Rise at Fastest Pace Since 2005

March readings for S&P CoreLogic Case-Shiller Home Price Indices rose to their highest level since 2005 in March. National home prices rose by 13.20 percent year-over-year as compared to February's reading of 12.00 percent growth. The Case-Shiller 20-City Home Price Index reported average year-over-year home price gains of 13.30 percent in March. Phoenix, Arizona continued to lead the 20-City Index with a year-over-year home price growth of 20 percent. San Diego, California followed with home price growth of 19.10 percent; Seattle, Washington reported year-over-year home price growth of 18.30 percent.

By |2021-06-02T05:45:00-04:00June 2nd, 2021|Financial Reports|Comments Off on Case Shiller: Home Prices Rise at Fastest Pace Since 2005
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