fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

FHFA Home Price Increases Stabilize

Thursday, April 21, 2016

Home price increases across the U.S. remained stable in February at +0.4 percent after the Federal Housing Finance Agency (FHFA) revised its original January House Price Index (HPI) estimate down to that level from 0.5 percent.  From February 2015 to February 2016 the HPI increased by 5.6 percent.  The change from February 2014 to February 2015 was 5.4 percent. FHFA says that its index has exceeded its peak March 2007 levels every month since last October.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac and that data is reported on a seasonally adjusted basis.

Read Full Article

Testimonial

You have been awesome to work with from the beginning and between you, mike, and holly, this whole process has really been quite easy. I would imagine that is not the case for everyone so again, thank you so much for being so helpful each and every step of the way.
Ryan and Kelsey