Freddie Mac Upwardly Revises 2015’s Mortgage Origination Estimate to $1.45T
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Freddie Mac headquarters
McLEAN, VA—The single-family housing market is on track to have a very good year, according to Freddie Mac’sInsight & Outlook for August. However, it also notes, the issue of overheated property valuations is always lingering in the background. Unfortunately, it reminds readers, affordability metrics “cannot reliably predict if or when house prices in a particular market — or the nation as a whole — will fall.”
The nation, though, appears disinterested in such dark talk. Or perhaps consumers are eager to lock in the one sure thing about a housing purchase: its financing rate. Freddie Mac has revised its estimate of mortgage originations for 2015 upward to $1.45 trillion and to $1.3 trillion for 2016 in large part due to stronger-than-expected refinance activity and home sales…
Freddie Mac Upwardly Revises 2015’s Mortgage Origination Estimate to $1.45T
