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After a brief cooling of home priced appreciation last summer, new data from Black Knight is showing a different picture.

An examination of December mortgage performance data shows prices were appreciating at a slower annual rate, falling from 7 percent to 3.8 percent in August of last year.

As mortgage rates continued to fall, however, the growth of home prices rate gained steam. December marked the fourth consecutive month of home price growth acceleration. Falling interest rates did not only help boost home price appreciation, but it also appears to have improved affordability.

Homes in the highest price tiers are responding to the market by increasing in appreciation at three times the rate. The appreciation rate of those homes at the opposite end of the spectrum barely moved upward, giving aspiring home buyers more wiggle room. Mortgage News Daily said the market conditions have given buyers 16 percent more buying power.

To make the most out of today’s market, Element Mortgage can try to help you find a good loan program to get the job done.

Whether it’s our VA or FHA loan option, we will work with you to identify program features that most align with your goals.

The VA loan program puts Veterans in a position to succeed in today’s market. From lenient qualifying terms and no down payment requirement, the VA loan program is packed with unmatched benefits.

In many ways, the FHA loan is designed to get people into homes as efficiently as possible.

With lenient borrowing terms and low down payment requirements, this program is ideal for first-time homebuyers or those who want a second chance at homeownership.

Contact us today if you’re thinking about making Fort Collins home. We can tell you more about the region we love and the loan program that may get you into a home on your terms.

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