US August Case-Shiller 20-city house price index +2.7% y/y vs +2.6% expected

Prior was +2.5% y/y 20-city house price index +0.3% m/m vs +0.3% expected Mortgage rates at 7.5% aren't doing any favors for the housing market. For background, the S&P Case-Shiller Home Price Indices are the best-known measure of US house prices. They’re published on the last…