Fannie less optimistic about home sales, mortgage rates
Fannie Mae's June housing outlook was down from a month ago, reflecting expectations of a further slowing housing market.
By
Jarrod Barry
Mortgage rates forecast
Fannie Mae cuts mortgage forecast as uncertainty persists
The potential impacts of import tariffs cloud the outlook, though, and could lead mortgage rates to surge and fall throughout the coming year.
Fed’s ‘skip’ points to slower hikes, a longer wait for shift in rates
Monetary policy officials have finally gone a month without tightening but made it clear more action could lie ahead, suggesting it could be awhile before housing finance costs consistently fall.
Half of individual investors pessimistic about housing market: survey
The home price increases and the ongoing inventory shortage made buying conditions difficult and many think it’s only getting more challenging, according to RealtyTrac.
Buyers and sellers grew pessimistic about the housing market in July
Tight inventory and heightened competition kept prime purchasers at bay as property values continued their summer surge, according to Fannie Mae.
Freddie Mac raises origination outlook even as purchase demand softens
The GSE forecasts $4 trillion in production this year because refinance activity is stronger than expected.
Signs the hot housing market might be on the verge of cooling off
Home prices grew at a record annual pace in April but indicators of a possible slowdown popped up in May, Redfin noted.
Housing supply shortage will restrict growth into 2022: Fannie Mae
Economic recovery should soar into the summer as vaccination rates climb and restrictions loosen up, but low inventory is likely to limit mortgage activity into the next year, according to Fannie Mae.
Mortgage rates drop on COVID news, but should rise by year-end
Rising cases and vaccine issues caused bond yields to fall, but inflationary pressures will likely reverse that course.
Record share of lenders expect shrinking profits in 2021: Fannie Mae
After a booming 2020, more mortgage lenders than ever before expect diminishing margins in the coming months as climbing interest rates set up heightened competition.
Mortgage rates drop on renewed worries about COVID-19 and the economy
Investors were also reacting to the inauguration of Joe Biden and uncertainty over additional fiscal relief, Freddie Mac’s Chief Economist Sam Khater said.
Fannie and Freddie boost 2021 forecasts due to vaccine distribution
Despite mortgage rates expected to rise modestly in 2021, a bolstered Biden administration stimulus package and COVID-19 vaccination efforts bring promise for economic recovery.
Mortgage rates jump in tandem with rise in Treasury yields
Mortgage rates, whose movements until now had not reflected gains in the benchmark 10-year Treasury yield, rose 14 basis points this week, according to Freddie Mac.
Mortgage rates end year at record low, even as Treasury yields rise
Mortgage rates yet again have dropped to a record low, even as the yield on the benchmark 10-year Treasury flirts with breaking back above the 1% mark, according to Freddie Mac.
2021 mortgage forecast improves after vaccine rollout
With coronavirus inoculations underway and government stimulus likely to come, the outlook for next year’s housing market and lending environment grew more optimistic in December.
‘Blue wave’ in Georgia runoffs would change mortgage rate outlook
Rates could be 50 basis points steeper than the MBA’s current projections, which anticipate the 30-year mortgage will average 3.3% next year, up from nearly 3% this year.
Mortgage rates rise on positive news about a vaccine
Mortgage rates moved off of their all-time low this week as a result of reports that Pfizer's coronavirus vaccine was potentially 90% effective, according to Freddie Mac.
Mortgage rates hit record low as election roils market, forecasts vary
Mortgage rates are currently the lowest in the history of Freddie Mac’s survey, but sharp differences of opinion persist on whether that will make this a $4-trillion year or not.
Mortgage rates down a percentage point from five years ago
Mortgage rates fell this week to another record low, and are now over a full percentage point below where they were five years ago, according to Freddie Mac.
Purchase volume to hit record highs over the next 3 years: MBA
But an expected drop in refinancings as mortgage rates rise should more than cancel that out, resulting in declining overall volume through 2023.
Load More
Couldn’t load more articles. Try again.