Although the rise was in line with analyst expectations it was noteworthy considering that it’s the 21st consecutive month over month increase since January 2012.
Chicago, IL (PRWEB) December 26, 2013
Peoples Home Equity is proud to echo positive housing news to through the winter holidays. The Federal Housing Finance Agency (FHFA) announced another positive month of gains for its monthly home price index.
Yesterday, December 24th, the FHFA reported a 0.5% gain from September to October 2013 in its home price index. Although the rise was in line with analyst expectations it was noteworthy considering that it’s the 21st consecutive month over month increase since January 2012. According to the FHFA report, the highest percentage gains were seen in the Pacific division, implying the California area, rising 17.5%. The data is telling about what will probably be reported as positive on the S&P/Case-Shiller Home Price Index website.
Based on this October report from the FHFA, Peoples Home Equity is suggesting to investors that they look to the Pacific coast for buy to rent purchases. For prospective investors who have the cash, now is the time to take advantage of lower rates with an adjustable rate or 5/1 ARM mortgage. With mortgage rates expected to continue their positive trend higher, the lender tells its prospective home buyers to get approved for a mortgage now before it’s too expensive! San Francisco real estate prices are increasing dramatically due to technology companies in the bay area hiring hundreds of new workers. Rents are very attractive to earn from in the area, the last thing investors what to worry about are high mortgage payments, thus Peoples Home Equity encourages individuals to obtain a home loan now.
Peoples Home Equity hopes everyone is enjoy the holiday season. Should one need assistance with applying for a mortgage this winter feel free to contact a PHE loan officer at: (855)-897-0300