Freddie Mac Revises 2019 Forecast for the Mortgage and Housing Markets

Freddie Mac recently revisited 2019 forecasts for the mortgage and housing markets. Home price appreciation was higher than expected in the first quarter of 2019. Although it was only slightly higher than previously projected, it led Freddie to revise their 2019 annual forecast for home price growth to 3.6%. Not what we have seen in [...]

By |2019-05-22T11:40:38-04:00May 17th, 2019|Categories: Mortgage, Real Estate Agents|Tags: |

Getting Ready for the 2019 Hurricane Season

Before summer even starts, the 2019 hurricane season will kick off June 1st. While it's easy to just think about summer concerts and festivals rather than inclement weather, it's a little more critical to be prepared in the event you end up in the projected path of a hurricane. Some hurricane preparedness tips to share [...]

By |2019-05-13T10:17:04-04:00May 10th, 2019|Categories: Mortgage, Real Estate Agents|Tags: |

Freddie Mac, the Fed, and Other Reasons Things Look Good

Mortgage rates and concerns about those rates were eased as the Federal Reserve maintained its patient, wait-and see-attitude this week. Nothing from this week’s meeting indicates we are likely to see the Fed hike interest rates at any time in the near future. While the action was not unexpected — as the usual influences on [...]

By |2019-05-03T15:17:08-04:00May 3rd, 2019|Categories: Mortgage, Real Estate Agents|Tags: |

Disappointing Housing Data and the Impact This Spring

Amid the recent release of some reasonably good economic data, housing data disappointed as starts, permits, and mortgage demand all fell. There was an improvement in purchase applications, but unfortunately, it couldn't be outweighed by the drop in refinance applications. Inventory, especially new home inventory, continues to be an issue. Fannie Mae stated that in March, "total [...]

By |2019-04-25T12:15:57-04:00April 26th, 2019|Categories: Real Estate Agents|Tags: |

Mortgage Rates Are Going in the Right Direction — but What’s the Longer Term View?

This week saw mortgage rates drop more than they have in any other one week period in the last ten years. The timing couldn’t be better, as we also saw the official start of spring and the unofficial start of the home buying season — especially in those areas of the country where winter plays [...]

By |2019-04-08T16:49:27-04:00March 29th, 2019|Categories: Mortgage, Real Estate Agents|Tags: |

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