Case-Shiller: Home Price Growth Slows in March – Kenny Minkel – Mortgage Consultant – Ventura County Mortgaegs

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On a $270,000 loan, roughly the national median price of a single family home, it will boost monthly interest payments by around $125 a month. That could be just enough to deter a first-time homebuyer or to eat into the savings of families trying to refinance their homes before rates get any higher.

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Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.

It is the very low interest rates set by the Bank of England. Not surprisingly, given that mortgage rates are currently at record lows, houses are "affordable"; with a deposit of 20pc, a person on average earnings buying an average house would find themselves paying around 36pc of their take-home pay on mortgage payments.

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Last month, the median price for a new home sale fell to $254,600. The median price data is not adjusted for seasonal swings and is still up slightly from August 2012.\n xyngular redbox reviews Amazon, which sells both the Kindle Fire tablet and varietyof Kindle e-readers, was the only device maker to have a directseat on the 28-member.