CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released today its CoreLogic Home Price Index (HPI™) for August 2016 showing home prices up both year over year and month over month. Home prices nationwide, including distressed sales, increased year over year by 6.2 percent in August 2016 compared with August 2015 andContinueContinue reading “Prices Up: 6.2 Percent on US Home Prices Index Report”
Tag Archives: Economic data
Approved! Credit Availability increased in April!
An increase in credit access was reported in April according to the Mortgage Bankers Association’s Credit Availability Index (MCAI). The Index increased 0.5 percent month-over-month to 122.0 in April. The increase was driven by new offerings of FHA’s 203K home improvement program, new VA offerings, and new jumbo products. The MCAI and its four components areContinueContinue reading “Approved! Credit Availability increased in April!”
Decline in Mortgage Default Rates drive a drop in the Composite Default Index
The national composite default index dropped by seven basis points from February to March, its first month-over-month decline in eight months, led by declines in both mortgage default indices, according to S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for March 2015 released Tuesday. The mix of recent economic data suggests the economyContinueContinue reading “Decline in Mortgage Default Rates drive a drop in the Composite Default Index”
Mortgage rates fell!
Economic data affects rates by motivating investors to seek out or avoid risk. Higher demand means higher prices and lower rates. Investors are looking for clarity on the Fed’s plans regarding raising rates, among other things. From here on out, volatility becomes an increasing risk heading into the Fed’s Announcement next Wednesday. It can either workContinueContinue reading “Mortgage rates fell!”
Sandy Flores, Broker CPRES 