Economic Market News

Home Prices continue to rise

Markets In a Minute Update

Markets In A Minute for week ending May 31, 2019: Home prices continue to rise

Markets In A Minute
This week on The Markets In a Minute: Home prices continue to rise
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Mortgage Rates Interest Rate Volatility

The Economy

  • Economic growth in Q1 accelerated, but momentum is slowing. Inflation pressures were much weaker than initially thought, supporting lower rates..
  • Economic growth in Q1 accelerated, but momentum is slowing. Inflation pressures were much weaker than initially thought, supporting lower rates..
  • However, concerns over a slowing economy and inverted bond yield curves have economists speculating that we could see a recession in the upcoming year.

Housing news by Laura Borja

  • According to the FHFA, home prices rose 5.1% in Q1 from a year earlier. This is slower growth than in recent years but still a historically healthy pace..
  • Case Shiller also reported home prices rising at a slower pace, despite falling mortgage rates. This is good news, though, for buyers entering the market.
  • Pending home sales fell unexpectedly in April. Compared to a year ago, sales were down 2.0%, marking the 16th straight month of annual decreases.

“I will love the light for it shows me the way, yet I will endure the darkness for it sows me the stars”
-Og Mandino

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Wondering how changing interest rates and home prices might affect your budget?

Find out with this interactive calculator:   https://mtg.expert/rtpricecalc

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