A heat wave on the west coast got national attention this week. Despite temps close to 120°, Tuesday’s home price data was even hotter with both of the big reports telling the same story.
FHFA prices (nationwide) are increasing at a record pace. Case Shiller (20 major metro areas) price appreciation isn’t quite back to its pre-mortgage-meltdown level.
How hot is too hot? That depends. Prices can’t continue this pace indefinitely, but many people said the same thing late last year only to regret not pulling the trigger.
…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed
Rates Defy Jobs Report (And Other Weekly Highlights)
Published in bond markets, interest rates and mortgage rates
More from bond marketsMore posts in bond markets »
More from interest ratesMore posts in interest rates »
Be First to Comment