Rate Update for July 29, 2008
Mortgage backed bonds are giving away the gains they made yesterday which is a sign of modestly higher rates in the near term.
Bonds are reacting to a rally in the stock market. The Dow Jones Industrial Average is currently up over 100 points on better than expected consumer confidence numbers and lower oil prices.
In real estate news, the Stand & Poors Company released their monthly Case-Shiller Home Price Index Report. This measure of home prices amongst the 20 largest metropolitan areas is thought to be the most accurate amongst many economists.
Watch today’s you tube video for a synopsis of the report.
Posted: July 29th, 2008 under Rate Update.
Tags: Case-Shiller Home Index Report
Pingback from My Mind on Mortgages » Rate Update July 28, 2009
Time July 28, 2009 at 7:09 am
[...] estate report. Many experts consider this report to be the most accurate measure of home prices (click here to understand why). The report showed that home prices declined on a year-over-year basis at the slowest pace in 12 [...]