May 2nd, 2019

Good news coming from Freddie Mac this morning: the GSE’s April forecast expects a solid 2019 for the mortgage market, with sustainably low rates and increasing income affordability. The forecast projects total home sales to rise to 5.98 million units by the end of the year, with most of the increase coming from existing home sales. However, first time homebuyers aren’t expected to feel the positive effects as much, as entry-level homes are in increasingly high demand and prices are expected to go up. But the positive side is that rates are looking to remain low and the mortgage market should be in full swing in 2019. (Source: MPA)