Applications and Rates Fall as Prices Grow

April 21, 2017 Seth Welborn

Though mortgage rates and applications are falling, home prices are rising. Freddie Mac’s House Price Index has shown a steady increase in prices over the last several months. The S&P CoreLogic Case Shiller Home Price Index has shown a similar trend. January’s Index reflected a 31-month high in home prices. During January, home prices were up 5.9 percent year-over-year and 5.7 percent month-over-month.

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