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30 Mar 2022

Case-Shiller Home Price Indices: Home Prices Grow at a Near-Record Pace

Financial ReportsCase Shiller, Finance, Home Value

U.S home prices grew at a near-record pace in January according to the National S&P Case-Shiller Home Price Index; year-over-year home prices rose by 19.20 percent in January as compared to December’s reading of 18.90 percent. Home prices rose 1.80 percent on a month-to-month basis from December to January. While home prices continued to grow at near-record rates, home price growth slowed in some areas during December but picked up in January. Craig M. Lazzara, managing director at S&P Dow Jones Indices, said: “Last fall we observed that home prices, although continuing to rise sharply, had begun to decelerate. Even…

What Are The Top Signs You Need To Refinance?

Homeowner TipsHomeowner Tips, Lower Rates, Refinance

You might have heard that more people are refinancing these days. During the refinancing process, you essentially take your current home loan and replace it with a different one. You can reduce your mortgage payments, shorten the life of your loan, or withdraw cash you can use for other purposes. What are a few of the signs that indicate you should consider refinancing? You Can Secure A Lower Interest Rate If you think you can secure a lower interest rate on your mortgage, it might be time to refinance. There are a number of reasons why you might be able to…

What’s Ahead For Mortgage Rates This Week – March 28, 2022

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Last week’s economic reporting included a speech and press conference by Federal Reserve chair Jerome Powell, data on pending home sales and sales of new homes, and the University of Michigan’s monthly reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Fed Chair: Rate Hikes Above 0.25 Percent May be Needed to Ease Inflation Federal Reserve chair Jerome Powell said that the Fed is willing to move beyond its recent 0.25 percent rate hike to control inflation. In a speech made to the National Business Association for Business Economics, Mr.Powell said, “We will take…