According to Freddie Mac’s (OTCQB: FMCC) July Forecast an overall increase in home sales for the remainder of the year will be dampened by the ongoing shortage of homes for sale and
What is happening with the job market? That is a question we have not had to answer for several years because job growth has been consistently positive. And though the job market continues to be strong in 2019, we can
Freddie Mac(OTCQB: FMCC) today released the results of its Primary Mortgage Market Surveyâ (PMMSâ), showing that mortgage rates dropped across the board after rising slightly last week.
Sam Khater, Freddie Mac’s chief
We were riding high on not so good news. The stock market hit record levels and interest rates were down. This was a reaction to a poor jobs report released in early June, along with the backdrop of trade wars
Mortgage applications decreased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 5, 2019. This week’s results include an adjustment for the Fourth of July
By the middle of July, we are definitely in the midst of the heat of the summer. And many times, when the temperature rises, so does the heat of the markets. But not all markets are equal in this regard.
• Quicken Loans’ National HPPI shows appraised values 0.71% lower than homeowners estimated in June
• Home values rose 0.56% nationally in June, and posted a 4.78% year-over-year increase, according to the Quicken Loans HVI
The average
The data is out. First, we had the meeting of the Federal Reserve indicating that there are some members open to a rate cut. The markets are now predicting that such a cut may come as early as the end
The popularity of adjustable rate mortgages (ARMs) rises and falls depending upon the overall direction of interest rates, as well as the spread between fixed rate mortgages and adjustables. There are many reasons why one might opt for an adjustable
The celebration of July 4th tells us that one-half of 2019 is over. That is a sobering thought for those who believe that time is going too fast. It has certainly been a very interesting first half of the year.
