Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S

FHFA: Home prices continue slow mend

U.S. home prices inched upward 0.6% on a seasonally adjusted basis from December to January, according to the Federal Housing Finance Agency

From Jan. 2012 to Jan. 2013, home prices also rose 6.5%. 

However, the index is well below pre-crisis peak levels, down 14.4% and roughly the same as the September 2004 index level.

Nonetheless, it is important to note that home prices have not declined on a monthly basis since Jan. 2012.

"Home prices are gradually improving although still below pre-recession peak levels. Still, this trend should be boosting consumer confidence," said analysts for Econoday

Regionally, the January home price gain was led by the Pacific, increasing 1.6%. The weakest region was New England, down 0.7% for the month.

The FHFA’s home price index is calculated using monthly home sales price information released by Fannie Mae and Freddie Mac.

cmlynski@housingwire.com

Recent Articles by Christina Mlynski

Comments powered by Disqus