US Housing Price Index Up 0.1% in July

The Housing Price Index (HPI) in the US rose 1% in July, the Federal Housing Finance Agency’s (FHFA) monthly report showed on Wednesday. This reading matched June’s reading (revised from 0.9%) and came in higher than the market expectation of 0.5%.

Earlier in the day, the Mortgage Bankers Association (MBA) reported that Mortgage Applications increased by 6.8% in the week ending September 18th.