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August 2017 Archives

Jumbo Loans Cheaper than Conforming Loans

2017 Jumbo Loans: Full Doc and Made to Prime Credits

Archana Pradhan    |    Mortgage Performance

 

Large-balance mortgage loans are not only for wealthy homebuyers but also for middle-income borrowers in high-cost areas. Also known as ‘jumbo’ loans, historically these loans had a higher interest rate than conforming loans. However, since mid-2013 a jumbo loan has been cheaper to borrow than a conforming mortgage loan, by an average of 21 basis points during the first quarter of...

Home Price Index Highlights: June 2017

Lower-Cost Homes Only Segment to Surpass Pre-Crisis Price Peak

Molly Boesel    |    Property Valuation

 
  • Home prices forecast to rise 5.2 percent over the next year.
  • Adjusting for inflation, home prices are still 16.2 percent below their peak.
  • Home prices have risen 48.6 percent since the trough in home prices in March 2011

National home prices increased 6.7 percent year over year in June 2017, while an analysis of the...

Home Price Index Audio Clip: June 2017

Molly Boesel    |    Audio

 

The CoreLogic HPI for June 2017 showed that national prices appreciated 6.7 percent from a year ago and are expected to increase 5.2 percent over the next year. Prices are just 0.9 percent below the 2006 peak, and are predicted to be back to the 2006 peak in the next few months. It’s been a long road back from the home price bottom. National prices fell nearly 33 percent from...