Cory Thompson

Mid America Mortgage, Inc.

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Cory Thompson July 27, 2016

Case-Shiller: Home Price Growth Slows in May

According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April’s reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that “tentative signs” of slower gains in home prices were seen.

Filed Under: Mortgage Rates Tagged With: CaseShiller, New Home Sales, Rising Rents

Cory Thompson July 25, 2016

What’s Ahead For Mortgage Rates This Week – July 25, 2016

Last week’s economic news included readings on builder confidence in housing market conditions, housing starts, building permits issued and existing home sales. Weekly reports on mortgage rates and new jobless claims were also released. The National Association of Home Builders reported that home builder confidence fell one point in July to 59 as compared to an expected reading and June reading of 60. Builders again cited shortages of buildable lots and labor.

Filed Under: Mortgage Rates Tagged With: Existing Home Sales, Mortgage Rates

Cory Thompson July 19, 2016

NAHB: Home Builder Confidence Slips in June

Home builder confidence fell slightly in June to a reading of 59 according to the National Association of Home Builders Housing Market Index. Analysts had expected no change to June’s reading of 60. June components of the HMI were also lower. Builder confidence in current market conditions dropped by one point to 63; builder confidence in market conditions over the next six months fell three points to a reading of 66. The reading for foot traffic in new single-family developments dropped one point to 55. Readings over 50 indicate that more builders than fewer are confident about housing market conditions.

Filed Under: Mortgage Rates Tagged With: Home Builders, Home Supply

Cory Thompson July 18, 2016

What’s Ahead For Mortgage Rates This Week – July 18, 2016

Last week’s economic news included reports on inflation, retail sales and weekly readings on mortgage rates and weekly jobless claims.

Filed Under: Mortgage Rates Tagged With: Home and Garden, Jobless Claims, Mortgage Rates

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Cory Thompson

Cory Thompson


Mortgage Loan Originator
Mobile 832.347.1855
Office 281.218.0505

NMLS ID 225056

Legend Lending

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Recent Posts

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