FHFA Releases Home Price Index and values are up 17.5% YOY

The Federal Housing Finance Agency released its House Price Index for Q4 of 2021 and home prices were up 17.5% year over year. Your area's details can be found in my Real Estate Appreciation Data Report.

What could this mean for you as a homeowner?

  1. You may be able to drop private mortgage insurance and lower your monthly payment

  2. Take cash out for home improvements, debt consolidation, tuition payments, or any other purpose

When values are high, a refinance could be worth exploring.

Are you thinking of buying?

High home prices can impact affordability, as can rising interest rates. Fortunately, rates are still below historical norms and prices continue to rise due to low inventory and high demand in most areas.

Reach out to discuss your scenario before rates get any higher!

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