Edition:
United Kingdom

Freddie Mac Forecasts A Steadily Growing Housing Market


Thursday, 16 May 2019 

May 16 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC FORECASTS A STEADILY GROWING HOUSING MARKET.FREDDIE MAC - EXPECT 30-YEAR FIXED-RATE MORTGAGE TO AVERAGE 4.3 PERCENT FOR 2019 BELOW LAST YEAR'S AVERAGE OF 4.5 PERCENT..FREDDIE MAC - EXPECT TOTAL HOME SALES TO SURPASS 2018 LEVELS AND REACH 5.98 MILLION UNITS IN 2019.FREDDIE MAC - HOUSE PRICE APPRECIATION FORECAST TICKED UP AND IS EXPECTED TO GROW TO 3.6 PERCENT FOR 2019..FREDDIE MAC - SINGLE-FAMILY MORTGAGE ORIGINATIONS ARE EXPECTED TO INCREASE FOR REMAINDER OF 2019.FREDDIE MAC - HOUSING STARTS FORECAST REMAINS UNCHANGED FOR 2019.FREDDIE MAC - OUTLOOK FOR HOUSING MARKET REMAINS LARGELY UNCHANGED.FREDDIE MAC - STILL EXPECT STRONGER HOME SALES AND HOUSING STARTS IN COMING MONTHS DUE TO FAVORABLE MARKET CONDITIONS AND ACCELERATING WAGE GROWTH.FREDDIE MAC - AN ESTIMATED $16.6 BILLION IN NET HOME EQUITY WAS CASHED OUT DURING REFINANCE OF CONVENTIONAL PRIME-CREDIT HOME MORTGAGES IN Q1 OF 2019.