Friday, January 17, 2020
FHA Wants Big Banks Back
The post FHA Wants Big Banks Back appeared first on National Real Estate Post.
Love Me or I Will Destroy You
The post Love Me or I Will Destroy You appeared first on National Real Estate Post.
Both the S&P
CoreLogic Case-Shiller home price indices and the Federal Housing Finance Agency's
(FHFA's) House Price Index (HPI) for December provide more evidence that low
interest rates have reignited the fire under home price appreciation. Case-Shiller's National
Home Price Index, covering all nine U.S. census divisions, reported a 3.8
percent annual gain in December, up from 3.5 percent in the previous month. The
10-City Composite annual increase came in at 2.4 percent, up from 2.0 percent
in in November, and the 20-City Composite jumped from a 2.5 percent gain the
prior month to 2.9 percent.
There was a new round of interest rate cuts during
the week ended February 21, but consumers largely ignored the additional
potential for refinancing. The Mortgage Bankers Association (MBA) said its
Market Composite Index, a measure of mortgage volume, increased by 1.5 percent
from the previous week on an unadjusted basis, but was down 7 percent on an
unadjusted basis. The increase in the adjusted index may have, in part, been because
of an adjustment to account for the Presidents' Day Holiday which shortened the