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Home price appreciation continues slow streak

Posted by Mehran Aram on Thu, Mar 14, 2019 @ 05:03 AM

Growth in home prices slowed again in December according to a new report. This is the tenth consecutive month of tapered growth in year-over-year appreciation. This latest information comes from Black Knight Financial Services.

“At the end of December, home prices at the national level had fallen 0.3 percent from November,” said Ben Graboske, Black Knight’s president of data and analytics. “While home prices are still up on an annual basis, the slowdown continues nationwide and, importantly, is not being driven by seasonal effects.”

February 2018 saw annual growth at a healthy 6.8 percent but has slowly dwindled to 4.6 percent by the end of the year.

Today, conforming no-point 30-year fixed mortgage rates are averaging 4.25 percent, 15-year rates are near 3.75 percent and the 5-year ARM is averaging 4.25 percent.

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Topics: home prices, Mortgage rates, home price appreciation