Tuesday, June 30, 2009

Home Prices

Home prices fell less than forecasted in April. The 10 City and 20 City indices fell 18% and 18.1% (year over year) respectively. This data is a bit dated, mortgage rates bottomed in April. It will be interesting to see how the market responds to higher mortgage rates going forward.

Average Freddie Mac 30 Year Fixed rate (survey rate)

March: 5.00%

April: 4.81%

May: 4.86%

June: 5.42%

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