Home price growth slows, but still at near-record pace
Home price growth slows, but still at near-record pace
Abstract
Single-family values increased at an annualized rate of 19.4%, the second highest on record. That is down from an upwardly revised 20.5% for the first quarter. For the same period last year, the Fannie Mae HPI was 17.3%. Rates for the 30-year mortgage have risen since the start of the year. They ended the second quarter averaging 5.7%, one week after peaking at 5.81%. After falling further to 5.9%. The second quarter, it moved back to 4.7% to 5 and 5.3%, it moving back to5.3.3 percent for the week of July 14.
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