One of the most watched reports in the housing industry came out today, the Standard and Poor’s Case Shiller Home Price Indices which measures the value of home prices in 20 metropolitan markets across the United States. These indices come out monthly but have a two month time lag. That means the information that came out today was for April. Of the 20 national markets followed, a couple actually showed a positive improvement over March and many showed less of a slide than the previous months.

You can read the entire report and view the statistics, if that is what makes you happy, here.  Now, one report can never be confused with being a trend, but good news in the housing market has been so rare, this appears to be taken as a sign that things may be getting better sooner than later.

After an initial negative reaction from the Mortgage Bond Market, buyers of bonds started absorbing what was being sold and we came back to a nearly even standing by mid morning. The Bond Market has absorbed a lot of news over the past few weeks amounting to an increase of about 1/2 percent in rates because of it. Everything that I am reading makes me believe that the rates before this recent spike were probably the lowest we are going to see. So, for those sitting on the fence and waiting for the lowest rates, I think you missed them. However, the “not” lowest rates, are still pretty damn good. Give me a call or send me an e-mail. 541-342-7576/541-221-3455 Cell, eugeneloanguy@gmail.com.

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