Median Home Price w/ Year-over-Year Change in Home Price
30-Year Fixed w/ Year-over-Year Change in Home Price
We lifted these graphs from The Journal’s coverage of today’s New Home Sales Report. In April, new home sales rose 0.2%, with the median price climbing 6.1% from the prior month. Meanwhile, durable goods orders rose 1.9%. Bond investors must have liked what they heard: the 10-year Treasury, a common benchmark for mortgage rates, remained under 4.05%. Amazing, really, when you think that it was up around 4.90% a year ago.
New Residential Sales [Wall Street Journal]