“U.S. house prices rose 1.1 percent in the second quarter of 2018,” the Federal Housing Finance Agency (FHFA) said in its latest House Price Index (HPI) report and added: “FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May.”
Key quotes
- House prices rose 6.5 percent from the second quarter of 2017 to the second quarter of 2018.
- Mortgage rates have increased by more than half a percentage point over the first six months of the year.
- Rates are still inexpensive from a historical standpoint, but their bump-up appears to have gently pressed the brakes on house price increases.
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