Tag Archives: Mortgage Bankers Association

Forecasts: Residential Refinance & Purchase Lending, 30-Year Conventional Mortgage Rates, Home Sales — June 2018

Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  Driving these lending forecasts is  the expectation of future interest rates.  Since 2018 is almost one-half over there is not too much deviation in interest rate expectations for the year, …Read more

New Home Sales in February 2018 Flat Versus a Year Ago

New homes sales of 618,000 on seasonally adjusted annualized rate (SAAR) were essentially unchanged from both a year ago and the prior month.    There were 305,000 new homes available for sale at the end of February 2018 equating to an estimated 5.9 months inventory.  In comparison, existing homes had a miniscule 3.4 month inventory …Read more

2018 & 2019 Refinance and Purchase Lending Forecasts as of January 2018

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions. The forecasts typically span a three-year period, currently from 2017 to 2019.  Freddie Mac did not breakout the quarterly forecast …Read more

Residential Purchase Lending Volume Forecast August 2017

As stated last month: As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  The lagging year (2016 …Read more

Residential Purchase and Refinance Lending Volume Forecast Update — July 2017

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  The lagging year (2016 at this time) often …Read more

Housing Sales Forecast July 2017 — Fannie-Freddie-MBA

Each month Fannie Mae, Freddie Mac and the MBA forecast housing sales and price appreciation rates for coming years.   As you will see, there is neither a consensus nor even agreement in how the data are reported.   Fannie Mae and the MBA individually forecast existing home sales and  new single family home sales along with …Read more