Tag Archives: Mortgage Rates

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

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

Forecast 2017 Residential Purchase and Refinance Lending Volumes

Each month Fannie Mae, Freddie Mac and the MBA forecast residential purchase and refinance lending volumes years in advance on a quarterly basis. While these forecasts typically do not initially agree, over time they converge to a consensus. These lending volumes impact any and sometimes all real estate related service providers in their incomes ranging …Read more

30-Year Residential Mortgage Rates Jump to 3.94 Percent Vs 3.57 Percent a Week Ago

One week following the U.S. Presidential election, 30-year conventional fixed-rate residential loans rocketed up 37 basis points from 3.57 percent to 3.94 percent as investors commenced dumping their low-yielding Treasuries in anticipation of rising rates due to a stronger economy. Mortgage rate data are from Freddie Mac’s weekly Primary Mortgage Market Survey http://www.freddiemac.com/pmms/archive.html?year=2016. The 37 …Read more