Michael Isaacs

Fairway Independent Mortgage Corporation

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Case-Shiller Reports Home Prices Rise at Fastest Pace in 7 Years

February 24, 2021 by Michael Isaacs

S & P Case-Shiller Home Price Indices reported the fastest pace of U.S home price growth in seven years. National home prices grew by 10.40 percent year-over-year in December as compared to November's reading of 9.50 percent home price growth on a year-over-year basis.

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Filed Under: Financial Reports Tagged With: Case-Shiller, FHFA, Home Prices

What’s Ahead For Mortgage Rates This Week – September 28, 2015

September 28, 2015 by Michael Isaacs

Last week's scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, and weekly reports on mortgage rates and new jobless claims. The week finished with a report on consumer sentiment.

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Filed Under: Market Outlook Tagged With: Existing Home Sales, FHFA, Freddie Mac, House Price Index, Jobless Claims, New Home Sales

National Association of REALTORS – Sales of Pre-Owned Homes Dip

September 23, 2015 by Michael Isaacs

Sales of previously owned homes dropped in August by 4.80 percent on an annual basis for the first time in four months; the dip was likely caused by rising home prices. August sales were reported at a rate of 5.31 million; July's rate was 5.58 million sales of previously owned homes.

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Filed Under: Market Outlook Tagged With: FHFA, Home Price Index, The National Association of REALTORS

What’s Ahead For Mortgage Rates This Week – August 31, 2015

August 31, 2015 by Michael Isaacs

Last week's economic news included several reports related to housing. The Case-Shiller 20-City Home Price Index for June rose to 4.50 percent as compared to May’s reading of 4.40 percent. Denver, Colorado was the only city to post double-digit year-over-year growth. FHFA also released its House Price Index for June. Home prices for properties associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose at a year-over-year rate of 5.60 percent in June as compared to May’s reading of 5.70 percent.

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Filed Under: Market Outlook Tagged With: Case-Shiller, Fannie Mae, FHFA, Freddie Mac

Case-Shiller: Home Prices Continue to Outpace Inflation

August 26, 2015 by Michael Isaacs

Denver, Colorado continues to woo homebuyers as home prices rose by 10.20 percent as of June according to the Case-Shiller 20-City Home Price Index. The Mile-High City was the only city included in the index that posted double-digit year-over-year growth in June. San Francisco, California posted a 9.50 percent year-over-year gain in home prices and Dallas, Texas rounds out the top three cities posting highest year-over-year home price growth with a reading of 8.20 percent.

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Filed Under: Market Outlook Tagged With: Case-Shiller, Fannie Mae, Federal Housing Finance Agency, FHFA, Freddie Mac

What’s Ahead For Mortgage Rates This Week – August 24, 2015

August 24, 2015 by Michael Isaacs

Last week's economic events included a number of readings on housing related topics. The National Association of Home Builders released its report on builder confidence in housing markets, Housing starts reached their highest level since the great recession, and existing home sales exceeded expectations and the prior month's reading. The Federal Reserve released minutes for its most recent FOMC meeting, which indicated that while a majority of FOMC members are leaning toward raising the Fed's target federal funds rate, concerns over certain aspects of the economy continue to keep the Fed from citing a date for raising its target interest rate.

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Filed Under: Market Outlook Tagged With: Case-Shiller, Commerce Department: Housing Starts, FHFA, Freddie Mac, National Association of Realtors

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Michael Isaacs

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Branch Manager and Mortgage Loan Originator

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