Tag Archive for Index Level

Latest Lagging Government Housing Index Confirms New 12 Month High In Median US Home Price

FHFA Press Release- Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. For the 12 months ending in April, U.S.…

No Truth Coming From Mortgage Bankers Ass.

Apparently the MBAss (Mortgage Bankers Association) didn’t like the fact that someone in the financial blogo-wackosphere actually had the temerity to make use of real, hard data, that they hadn’t massaged. Now, not only do they not report the actual index level of their seasonally smoothed applications indexes, the charts of the not seasonally adjusted…

What Up With That?

So there was this big jump in mortgage purchase applications today. I thought to myself, “Hmmmm, I  wonder how many will make it to closing. And I wonder what triggered the pop.” Pop is relative of course. Yeah, it was a 9% jump from last week, but the level is still 35% below last year…