Market Update

Rates rise to highest level since July 2020, will that lower home prices?

     
Rates rise to highest level since July 2020, will that lower home prices?

What homebuyers have been feeling for months was confirmed yet again in the latest S&P CoreLogic Case-Shiller National Home Price Index Report. July 2021 was the fourth-straight month to hit a record for home price growth with a 19.7% annual gain. June’s price growth rate was 18.7% higher year-over-year. The report shows that the Southwest and West portions of the United States showed the strongest growth with all regions recording double-digit price gains.

While that number is incredibly high, it’s important to remember that this index lags by at least two months.

Continue reading Rates rise to highest level since July 2020, will that lower home prices? at Movement Mortgage Blog.

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