Here is a summary of Freddie Mac’s Chief Economists outlook for 2015 (National Real Estate forecast) : 1) The purchase market will strengthen. 2) Home values are expected to increase by 3%. 3) The consumer’s refinance days are slowly being eliminated (now is the time). Mortgage rates will be nearing the 5% range at the end of 2015. 4) Now would be a good time for any potential buyers to “get off the fence”, as home values and rates will rise resulting in a “pinch” in consumer affordability. If anyone would like a copy of the full report let me know!
Posted on: Mon, 05 Jan 2015 17:02:20 +0000
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