Tag Archives: Mortgage Bankers Association

March 2021 Fannie Mae-MBA Forecast Summary

Each month Fannie Mae and the MBA release forecasts (both quarterly and annual) for housing and related lending.  This summarizes their latest outlook as of March 2021.  Interest Rates Not only do Fannie Mae and the MBA disagree on where interest rates are heading, they even see different average rates last year in 2020.  Fannie …Read more

Existing Home Sales Enter 2021 in Throttle-Up Setting

Existing home sales rocketed-up 23.7 percent in January 2021 on a seasonally adjusted annualized rate (SAAR) of 6.69 million sales compared to the same period one-year ago according to the National Association of Realtors® (NAR).  It was the most homes sold on a SAAR since April 2006.   On a non-seasonally adjusted basis, the 367,000 homes …Read more

Existing Home Sales in 2020 Best Since 2006

Existing home sales came in at 6.76 million in 2020 on a seasonally adjusted annualized rate (SAAR), the best performance seen since 2006 according to the National Association of Realtors® (NAR).   Annual 2020 sales were up 22.2 percent on a SAAR, while the median price (not seasonally adjusted) for the year was up 9.0 percent …Read more

Housing Sales Buoyed by Record-Low Interest Rates

Housing today has the greatest intrinsic and price values in our lifetimes as we spend more time than ever before at home.   Median home prices rose a phenomenal 14.5 percent to $310,800 in the 12-months ending November 2020 according to the National Association of Realtors (NAR), with year-over-year sales of existing properties up 25.8 percent.  …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