Case-Shiller Home Prices Cool in April

Mortgage rates were risaing in April. The average 15-year mortgage was offering +6.6% interest, with +7.6% on the 30-year. This is slightly higher than the +7.5% we see in the housing market currently, though they do remain stubbornly high. And while we know entry-level prospective homeowners (and those holding onto their 3% mortgages) are being priced out of the market, the fact of the matter is that no cities in the Case-Shiller survey posted negative housing growth number (Portland was in last place: +1. ...