Tag Archives: Fannie Mae

Existing Home Sales June 2020 — Extraordinarily Nimble in a Catastrophic Economy

Given the record 32.9 percent plunge in U.S. GDP in Q2 2020 (advanced estimate), June 2020 existing home sales levels could be described as unexpectedly resilient, down just 11.3 percent year-over-year on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors® (NAR).   That descriptor rises to extraordinary when viewing the  year-over-year …Read more

Latest Home Sales and Residential Lending forecasts

Each month Fannie Mae and the MBA forecast interest rates, residential lending, and both existing and new home sales.  Freddie Mac does a quarterly forecast covering lending, interest rates and total home sales – existing plus new.  The following tables summarize the latest forecasts as of June 2020. Interest Rates Differing expectations of interest rates …Read more

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

Residential Lending Volume Forecast 2019-2020: Refi & Purchase Lending Volumes & Interest Rates as of March 2019

One year ago the expectation was for rising interest rates and plunging refinance lending volumes.   Yet as of March 28, 2019, the 30-year conventional mortgage interest rate fell 22 basis points from the prior week to 4.06 percent according to Freddie Mac’s Weekly Primary Mortgage Market Survey.  The drop was the largest one-week decline seen …Read more