Edition:
United Kingdom

Freddie Mac sees Growing Housing Market Through 2019


Monday, 17 Jun 2019 

June 17 (Reuters) - Federal Home Loan Mortgage Corp ::FREDDIE MAC JUNE FORECAST: FAVORABLE MORTGAGE RATES AND STRONG LABOR SITUATION SIGNAL GROWING HOUSING MARKET THROUGH 2019.FREDDIE MAC - LOW MORTGAGE RATES ALONG WITH A STRONG LABOR MARKET WILL HELP HOUSING MARKETS POST MODEST GROWTH OVER NEXT YEAR AND A HALF..FREDDIE MAC - FOR FULL YEAR 2019, EXPECT U.S. GDP GROWTH OF 2.2%..FREDDIE MAC - TRADE TENSIONS & WANING EFFECTS OF LAST YEAR'S FISCAL STIMULUS WILL PUT DOWNWARD PRESSURE ON HOUSING MARKET GROWTH.FREDDIE MAC - EXPECT CONSUMER PRICES TO RISE BY 3.0% AND 2.4% IN SECOND AND Q3 OF 2019, RESPECTIVELY..FREDDIE MAC - HOUSE PRICE APPRECIATION FORECAST TICKED UP AND IS EXPECTED TO GROW TO 3.6% FOR 2019.FREDDIE MAC - EXPECT HOUSING STARTS TO INCREASE TO 1.26 MILLION AND 1.35 MILLION IN 2019 AND 2020, RESPECTIVELY.FREDDIE MAC - EXPECT REFINANCE ORIGINATIONS VOLUME TO RISE AROUND 20% IN 2019.FREDDIE MAC - ANTICIPATE HOME SALES TO REVERSE 2018 SLUMP AND COME IN STRONGER AT 6.03 MILLION IN 2019 AND INCREASE TO 6.19 MILLION IN 2020..FREDDIE MAC - EXPECT MORTGAGE RATES TO FOLLOW TREASURY YIELDS WITH 30-YEAR FIXED-RATE MORTGAGE RATE AVERAGING 4.1% IN 2019.