Fannie Mae: Housing market ‘has turned the corner’

“Despite lower expectations for the economy’s progress as a whole this quarter, home sale and price trends suggest housing finally represents “a tailwind to growth,” according to a monthly economic outlook released today by Fannie Mae’s Economic & Strategic Research Group. “The housing market has turned the corner and a sustained recovery is under way,” the report said, despite …

Continue reading ‘Fannie Mae: Housing market ‘has turned the corner’’ »

Housing Recovery Is Sustainable

“Despite a number of potentially damaging headwinds, the ongoing housing recovery will remain sustainable for the foreseeable future, analysts for Capital Economics say in a recently released report. The housing industry’s rapid rebound took many experts by surprise-even the researchers who authored the report admit they “have been slightly taken aback” by the recovery’s speed. …

Continue reading ‘Housing Recovery Is Sustainable’ »

Mortgage Rates Up, With 30-Year Fixed Above 4 Percent

Moving along side higher yields on bonds, mortgage rates continued to climb upwards, with the 30-year fixed-rate mortgage above the 4 percent benchmark for the first time since October 27, 2011, according Freddie Mac’s Primary Mortgage Market Survey. “Bond yields rose over the past two weeks in part due to an improving assessment of the …

Continue reading ‘Mortgage Rates Up, With 30-Year Fixed Above 4 Percent’ »

Mortgage Rates Head Higher on Positive Economic Data

Mortgage Rates Head Higher on Positive Economic Data Rates for all mortgage loan products headed higher this week as positive employment indicators rolled in, with job growth over the last six months the strongest it’s been since 2006. That, coupled with the Greek debt restructuring on the international front and the results of the Federal …

Continue reading ‘Mortgage Rates Head Higher on Positive Economic Data’ »