About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
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It may be due to June being a big month for home sales but but housing prices dropped less in June than they had for the previous 10 months. Here are some excerpts from a recent Bloomberg article on this subject:

U.S. home prices had the smallest annual drop in 10 months, signaling the free fall of property values is abating in the three-year housing slump at the center of a global recession.

Prices declined 5.6 percent in May from a year earlier and rose 0.9 from April, the Federal Housing Finance Agency in Washington said today. Economists expected a 0.2 percent drop for the month, according to the median of 16 estimates in a Bloomberg survey.

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