Housing market will continue to slow in 2023 despite lower rates: Fannie Mae
The economy improved in the second quarter of 2022, but the housing market will continue to slow in 2023, according to Fannie Mae economists.
The economy improved in the second quarter of 2022, but the housing market will continue to slow in 2023, according to Fannie Mae economists.
Potential homebuyersâ purchase sentiment improved slightly in December but it still remains well below pre-pandemic highs.
Here’s some good news if you’re looking to buy or refinance in the near future. Mortgage rates, specifically 30-year fixed mortgage rates, are expected to stay below five percent through to next year, according to mortgage financier Fannie Mae. The 30-year fixed mortgage rate averaged 4.80 percent in the first quarter of 2011, 4.70 percent [&hellip
The post Mortgage Rates Expected to Stay Below Five Percent Through Early 2012 first appeared on The Truth About Mortgage.
During the latest radio interview with Real Estate Today Radio, Freddie Mac Vice President and Chief Economist Frank Nothaft weighed in on the direction of mortgage rates, as he normally does for his own company. While he typically speaks about rates in the past tense, host Gil Gross pressed him to make a prediction about [&hellip
The post Freddie Chief Economist âPretty Certainâ 30-Year Fixed Mortgage Rates Will Hit 5% by Mid-2014 first appeared on The Truth About Mortgage.
Figures from the Bureau of Labor Statistics’ February employment report revealed a sharp pickup in job growth as bars and restaurants reopened thanks to the rollout of COVID-19 vaccines. The US economy added 379,000 jobs last month, mainly driven by a 355,000-plus gain in the leisure and hospitality sector. Fannie Mae chief economist Doug Duncan … [Read more…]
With pandemic conditions in place for a second spring, lenders and brokers discuss the indicators that will reveal whether the market is shifting away from the traditional selling season to one that runs hot throughout the year.
With pandemic conditions in place for a second spring, lenders and brokers discuss the indicators that will reveal whether the market is shifting away from the traditional selling season to one that runs hot throughout the year.