U.S. home prices are rising at the slowest rate in nearly 7 years according to the S&P corelogic case-shiller index. Even so, the increase in home prices continues to rise faster than inflation.
HUD fines FirstBank Mortgage Partners for maternity-related discrimination HUD to Investigate Possible Discrimination Against Pregnant Borrowers An investigation into whether lenders may have illegally denied mortgages to pregnant women and persons on temporary disability is being launched by the Department of Housing and Urban Development (HUD).
Meanwhile, the US Home Price Index, released by the Federal Housing Finance Agency (FHFA) also Tuesday, rose at a seasonally adjusted annual rate of +1.3% in March, following the +5.3% increase in February. On a year-over-year basis, the fhfa home price NSA Index rose by +5% in March.It was the lowest annual growth rate since January 2015, confirming the slowdown in home price appreciation.
Home prices increased by 1.3% when compared with Q2 2018. The Federal Housing Administration also adjusts its annual mortgage limits and does so according to the FHFA’s conforming loan limit figures. FHA limits are calculated by taking 65% of the national conforming limit amount in low-cost areas.
Loan applications decline as mortgage interest rates skyrocket Mortgage applications jumped last week: MBA – NEW YORK (Reuters) – Applications for U.S. home mortgages jumped last week, recouping the previous week’s steep decline as interest. of loan requests for home purchases rose 8.3 percent..
Core inflation stable in May at 1.3% but overall consumer prices pick up pace with 0.9% rise The all-items inflation figure was higher than the expectations of analysts polled, but core inflation.
Used car and truck prices fell for a third month in a row, down 1.3% in April, and clothing costs dropped for a second straight month, down 0.8% in April. In the headline figure, U.S. inflation grew 2.0% in the 12 months ending April, a larger increase than the 1.9% advance in March.
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