Fed and Economy Watch

Jumbo Credit Access Increased in July

2019-08-09T06:14:16-06:00August 9th, 2019|

The availability of jumbo mortgage loans increased in July, but not enough to offset tightening in credit access for other types of loans.  The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) dipped 0.4 percen...

Home Purchase Sentiment Hits Record High

2019-08-08T06:28:15-06:00August 8th, 2019|

There was an unusually large bump in Fannie Mae's Home Purchase Sentiment Index (HPSI) in July.  The company said strong positive responses to questions on the National Housing Survey (NHS) about job security and interest rate declines sent the in...

Home Price Picture Grows More Complex

2019-08-08T06:19:28-06:00August 8th, 2019|

Anyone trying to make sense out of current data on the direction of home prices needs more than a calculator.  Every new report seems to dump more mud in the water, show price growth slowing, stabilized or driven higher by falling interest rates. ...

NAR Calls Home Sales Pace “Breakneck”

2019-07-30T08:50:56-06:00July 30th, 2019|

Pending home sales put in an especially strong performance in June, the second consecutive positive report as well as the fourth in five months.  The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-l...