fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

Home Prices Continue Defying Gravity and Expectations

Wednesday, November 25, 2015

Price increases did not slow in the third quarter as expected the Federal Housing Finance Agency (FHFA) said today.  The agencies purchase-only seasonally adjusted House Price Index (HPI) for the quarter shows that prices rose for the 17th consecutive quarter and posted the largest month-over-month gain since at least that in March to April. 

The combined report for September and for the third quarter is based on home sales price information taken from mortgages sold to or guaranteed by the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.  The monthly index rose 0.8 percent from August and the quarterly measure was 5.7 percent higher than in the third quarter of 2014.

Read Full Article


"Mark always kept us informed during the process on how things were going. If there were any issues/concerns, he took the time to call me to let me know. If I know of anyone looking to buy or refinance I would refer them to Mark. He is very friendly and was willing to work with me and my realtor."
Alison V.