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Home prices hit another record high in June

Home prices continued to climb in June. The S&P CoreLogic Case-Shiller national home price index rose 5.4% annually to a reading of 325.23 in June, according to data released Tuesday. While prices continue to climb on a year-over-year basis, June’s figure was down from 5.9% growth in May. June’s annualized increase is the lowest rate of home…

How low do mortgage rates need to go before borrowers appear?

Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances. At HousingWire‘s Mortgage Rates Center on Tuesday, the rate for 30-year conventional loans stood…