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Pros and Cons of the Various Housing Indicators

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Pros and Cons of the Various Housing Indicators

The Office of the Chief Economist of Freddie Mac issued its monthly economic outlook for July on Monday and, in the narrative provided a helpful analysis of the reasons for the confusing messages emerging from various reports on current house prices.

Each of the reports that the housing industry, the stock market, and the media relies on has advantages...
...

Published Wed, Jul 07 2007 7:00 AM by Glenn Setzer

Filed under: home prices, Freddie Mac, Mortgage Applications, Housing Outlook, housing market, house appreciation

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Mortgage Rates:

30 Yr FRM 3.88%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.14%

MBS Prices:

30YR FNMA 4.5 106-26 (0-02)
|
30YR FNMA 5.0 108-06 (0-03)
|
30YR FNMA 5.5 109-01 (0-02)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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