Category Archives: Residential

Residential Lending Forecast 2019 & 2020 as of July 2019

As the Federal Reserve’s Open Market Committee prepares to meet today, interest rates and where they are likely going are making headlines.  Interest rates make up part of the throttle linkage for residential lending.  Shown in the table is the latest forecast for 30-year conventional mortgage rates as reported by Fannie Mae, Freddie Mac and …Read more

Affordability Erosion Grows Continues to Impact Existing Home Sales — Down 2.2 Percent Year-Over-Year, Price Up 4.3 Percent

Existing home sales dropped 2.2 percent in June 2019 compared to a year ago coming in at 5.27 million on a seasonally adjusted annualized rate (SAAR) as reported by the National Association of Realtors® (NAR).  Sales were down 1.7 percent sequentially from May.   Total sales in June (raw, not seasonally adjusted) came in at 527,000, …Read more