• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Home Prices Show Largest Annual Increase in Nearly Seven Years

Home prices in December posted the largest annual increase in nearly seven years according to CoreLogic’s Home Price Index (HPI) report.  December was also the 10th consecutive month in which home prices increased nationally. The index that included distressed sales (sales of owned real estate and short sales) increased by 8.3 percent compared to December 2011, the largest increase since May 2006.  With distressed sales excluded the HPI increased 7.5 percent

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Mortgage Rates Sharply Higher, Erasing Most Of The Recent Recovery

  Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January.  Although rates didn’t make it quite as high in absolute terms, much of the recent recovery was erased.  In other words, we’re now closer to early January’s levels than we are to yesterday’s levels.  The move was more than sufficient to bump Best-Execution for Conventional 30yr Fixed Loans up to 3.5%

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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