Home purchase demand remains largely unchanged since 2016, according to a report from Matthew Pointon, a property economist at Capital Economics.
That, couple with persistently low property inventory and looming rate hikes mean mortgage app performance next year is set to “meh.”
This year is shaping up to outpace expectations thanks to a resurge in refinance demand, especially when it comes to cash-out transactions. In fact, according to Freddie Mac’s May Economic and Housing Research Outlook report, 2017 is performing so well that it increased its 2017 forecast for mortgage originations.
The majority of Lenders One mortgage banker members (60%) expect 2016 will be a sellers’ market and the vast majority (89%) of members believe the market could weather a possible interest rate increase this fall.
Weakness in energy sector, dollar will slam on the brakes
April 13, 2015
You now the joke about the guy with the positive attitude who falls off the tall building and on the way down at every window he can be heard saying “So far so good, so far so good…”? Yeah, that may be the economic outlook. Read on.
Freddie Mac says it expects mortgage rates to hover around 4% through mid-2015, and while there are some of the positive tailwinds buoying the economy at the start of the year, some may not stick around for long. Here’s why.
We may be two weeks into 2015, but that doesn’t mean we’re out of the range of predictions for the year. Analysts from Fitch Ratings weighed in with their predictions for 2015 in their Global Housing and Mortgage Outlook, and there’s good news and bad news.
“The narrowing gap between home buying and home selling sentiment may foreshadow increased housing inventory levels and a better balance of housing supply and demand,” Doug Duncan, senior vice president and chief economist at Fannie Mae said. “These results may help drive a healthier housing market in 2015.”
According to Verizon’s 2019 Data Breach Investigations Report, 10% of the 2,013 breaches that occurred in 2018 were within the financial industry. Personal data was compromised in 43% of those breaches, which were largely attributed to privilege misuse, errors or unsecure web applications.
Rising interest rates often cause homebuyers to think twice about moving forward with a mortgage. In April, mortgage applications fell more than 7% after 30-year fixed mortgage rates reached a high for the month.