Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months, impacting affordability, the rise is not significant according to historical trends, says Mark Bound, chief […]

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Inflation rate hits Fed goal, reaches highest level since 2012

The U.S. inflation rate rose 2 percent to the highest it’s been since 2012, according to the latest figures released by the U.S. Department of Commerce’s Bureau of Economic Analysis.

Fed: Rates Increased for Second Time This Year

As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and […]

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Fed Hikes Rates—How Many More Are to Come?

The Federal Reserve carried out its first hike of 2018 on Wednesday, increasing interest rates one-quarter percentage point and leaving open the possibility of more raises this year. The action was anticipated by the market, which has been on a robust—and, at times, rollercoaster—run. “In view of realized and expected labor market conditions and inflation, […]

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Why Your Mortgage Is Getting More Expensive

(TNS)—World events are conspiring to make it more expensive for you to borrow money to buy a house. Mortgage rates have increased for five consecutive weeks, according to Bankrate data, bringing interest on a 30-year fixed rate loan to 4.44 percent—the highest level in 11 months—while home prices continue to rise due to a lack […]

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Exceeding Inflation, Home Prices Rising Swiftly

Homes are appreciating at a healthy pace, with November prices up 6.2 percent year-over-year, according to the S&P CoreLogic/Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, […]

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Home prices climb 6.2 percent nationwide

Home prices continued to soar nationwide in November, rising 6.2 percent, a modest uptick from year-over-year 6.1 percent gains tallied a month earlier, according to the latest S&P CoreLogic Case-Shiller U.S National Home Price NSA Index released on Tuesday …

Average 30-Year Mortgage Rate Charges Above 4 Percent

The average 30-year, fixed mortgage rate charged to 4.04 percent this week, up from 3.99 percent the week prior, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.49 percent, up from 3.44 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged 3.46 percent, the same as […]

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Ahead of the Curve: Home Price Growth Outpaces Inflation

Home prices continue to chart growth, rising on an annual basis to outpace inflation, according to CoreLogic’s recently released Home Price Index (HPI) for January 2017. Prices increased 0.7 percent month-over-month and 6.9 percent year-over-year. A combination of factors is driving momentum ahead of the curve, says Dr. Frank Nothaft, chief economist of CoreLogic. “With […]

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Spring Outlook: How Inflation Could Impact Housing

Indicators from all sides affect the housing market. Increasing inflation, in fact, can drive up mortgage rates—but at what pace will it prove harmful? A recent Outlook from Freddie Mac projects three outcomes for inflation—higher, lower, or stable—and each outcome’s effect on housing. A case of higher inflation would be detrimental to the housing market, […]

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