Housing Finance: At A Glance Monthly Chartbook, July 2024

In the July 2024 edition of At A Glance, the Housing Finance Policy Center's reference guide for mortgage and housing data, house price appreciation slows, cash-out refinance volume remains tepid, and housing equity expands amid modest growth in mortgage debt outstanding. In recent months, cons...

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Bibliographic Details
Published in:Policy File 2024
Main Authors: Goodman, Laurie, Ratcliffe, Janneke, Neal, Michael, Choi, Jung Hyun, Zhu, Linna, Walsh, John, Pang, Daniel, Zinn, Amalie, Visalli, Katie, Mehrotra, Aniket, Pruitt, Matthew, Berry, Bryson, Gibson, LaQuon, Rincon, Alison, Hill, Todd, Barcus, Anna, Koons, Erin
Format: Report
Language:English
Subjects:
Finance
Housing
Online Access:Request full text
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Summary:In the July 2024 edition of At A Glance, the Housing Finance Policy Center's reference guide for mortgage and housing data, house price appreciation slows, cash-out refinance volume remains tepid, and housing equity expands amid modest growth in mortgage debt outstanding. In recent months, consumer inflation has shown signs of slowing. At the same time, labor market conditions remain healthy, reflecting solid economic growth. Amid these trends, market participants are betting that the Federal Reserve will cut its key policy rate later this year. In response, mortgage rates have begun to decline, decreasing nearly half a percent from their peak earlier this year. Lower rates could bring some relief to a market that has been historically unaffordable.