Since the housing crash and recession of 2008, most metro areas have fully recovered while others are still lagging behind the housing recovery. Using the Federal Housing and Finance Agency’s Home Price Index, a report has been put together on the top and bottom 10 metros that have recovered the most and the least respectively. Five more metro areas were considered “fully recovered” this quarter.
Read More »Home Prices Rise Marginally in August
Home prices appear to be losing some of their spark, slowing down to a marginal increase of 0.3 percent on a seasonally adjusted basis in August compared to last month.
Read More »NAFCU Requests That FHFA Leave Conforming Loan Limit at Current Level
In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.
Read More »Home Prices Recover to Near Pre-Crisis Levels
The Federal Housing Finance Agency recently determined that the U.S. Purchase-only House Price Index has recovered to pre-crisis levels recorded in April 2006, leaving the national index of house prices just 1.8 percent below the peak level of May 2007.
Read More »FHFA: HARP Refinance Volume Continues to Grow for Q1
The Federal Housing and Finance Agency (FHFA) recently released their first quarter refinance report, revealing that refinance volume has increased in March, while mortgage rates remained near 20 month lows in February. The Home Affordable Refinance Program (HARP) had 31,648 refinances, bringing the total refinances through this program to 3,302,102 since it began.
Read More »FHFA Indices Shows Interest Rates Down for April
Interest rates on conventional purchase-money mortgages decreased from March to April, according to several Federal Housing and Finance Agency (FHFA) indices of new mortgage contracts. The FHFA conducted a Monthly Interest Rate Survey (MIRS) to find interest rate data, which provides monthly information on interest rates, loan terms, and house prices by property type, loan type, and by lender type, as well as information on 15-year and 30-year fixed-rate loans.
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