Tag Archive for ‘FHFA’

Rates on New Home Loans Hit 2015 High

On average, the contract rate on conventional mortgages used to purchase newly-built homes increased 12 basis points in July, to 3.98 percent, according to data released yesterday by the Federal Housing Finance Agency (FHFA).  At 3.98, this is the highest the contract rate has been since December of last year. Initial fees have some ability to offset increases in a… Read More ›

House Prices Rise in the Second Quarter of 2015; Appreciation Will Continue Through 2016

The recent release from Standard and Poor’s (S&P) and Case-Shiller indicates that their measure of national house prices, the House Price Index – National, rose by 0.3% on a quarterly seasonally adjusted basis in the second quarter of 2015. Including a .03% rise in the first quarter of 2012, the second quarter of 2015 marks the 14th consecutive quarter-over-quarter increase in the house… Read More ›

New Home Loans: Rates and House Prices Both Increase

Interest rates on conventional mortgages used to buy newly built homes increased in June, according to data released earlier today by the Federal Housing Finance Agency (FHFA).  The data show the average contract interest rate increasing by 9 basis points to 3.86 percent, the highest it’s been since January. The average initial fees and charges on the loans decreased by… Read More ›

Home Price Growth Continues to Moderate in May

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released their respective home price indexes for May. The House Price Index (HPI) data reported by the Federal Housing Finance Agency (FHFA) shows house prices rose at an annual growth rate of 5.4% in May, higher than the 4.7% in April and the 3.8% in March. The Standard… Read More ›

Housing Prices – Slowing to Sustainable Growth

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released their respective home price indices for April. House prices have been recovering since reaching the bottom of the downturn in 2012. Both the new and existing single-family homes’ median sale prices are presented along with the home price index. All three indicators tell a similar story of rapid… Read More ›

Rates on New Home Loans Fall to Two-Year Low

Data released today by the Federal Housing Finance Agency (FHFA) shows a one basis point decline in the average contract interest rate on conventional loans used to purchase newly built homes.   Small as this change was it took the contract rate on new home loans down to 3.77 percent in May—which is the lowest it’s been since June of 2013…. Read More ›

Rates on New Home Loans Stable, Under 4 Percent

On May 28, the Federal Housing Finance Agency (FHFA) reported that mortgage rates overall were nearly stable in April, changing by a mere 2 basis points.  The same was true for the subset of mortgages used to purchase newly built homes.  The average contract interest rate on conventional mortgages for new homes edged down by 3 basis points, while the… Read More ›

Housing Recovery – Prices and Production

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released the Home Price Index (HPI) for March. The price index reported by the Federal Housing Finance Agency (FHFA) decelerated in March, slowing to an annualized growth rate of 4.2% from 7.8% in February. Monthly growth rates have been volatile but have trended down since the recent peak… Read More ›

House Price Appreciation Moderates

The Federal Housing Finance Agency (FHFA) recently released the House Price Index (HPI) data for February, 2015. Figure 1 shows the House Price Index (HPI) data from January 1991 to February 2015. The annual growth rate is also presented in Figure 1. House price appreciation has been volatile but averaged approximately 5% from 1991 to 2003 prior to the housing… Read More ›

Slight Uptick in Rates on Loans for New Homes

This morning, the Federal Housing Finance Agency (FHFA) reported that interest rates on home mortgages increased slightly in March.  The same was true for the subset of mortgages used to purchase new homes. On conventional mortgages used to purchase newly built homes, the average contract rate and average initial fees and charges each increased by 2 basis points.  The contract… Read More ›