Home Values Rise as Government Shutdown Nears an End, Refinances on the Upswing

Good news on several fronts this week!

It looks like the government shutdown will end by this Friday great news for everyone.

The ICE Mortgage Monitor reported home values rose 0.15% in October, the largest monthly gain since March. Year-over-year, prices are now up 0.9%.

There’s also talk that the Federal Government may increase Treasury purchases over the coming months and into next year a positive sign for interest rates.

Meanwhile, the NY Fed’s Consumer Expectations Survey showed inflation expectations declined 0.2% to 3.2%, adding another data point supporting further rate cuts.

Even with the shutdown, retail sales climbed 5% compared to last October showing consumers are still out there spending.

Time to move forward and get to getting!
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