Third quarter housing data from the Federal Housing Finance Agency

  • September index +0.6% vs +0.6% expected
  • Prior was +0.7% m/m
  • Home prices +6.1% y/y through September
  • US Q3 quarterly house price purchase index 1.5% vs +1.2% prior

The US dollar is seemingly very strong but if rates are hiked 5 times through the end of 2017, as some analysts are anticipating, it will be a true test.