Posted To: MND NewsWire
If nothing else, the headline of this months' Outlook from Freddie Mac was a grabber. "Mortgage Originations Poised to Surge," it read, and what followed detailed what the company's economists expect from housing in a year where home sales in the first seven months outstripped every other comparable period since 2006. New and existing home sales through July totaled 3.4 million and the company says indications from both mortgage applications and pending home sales imply that this momentum will be sustained through the third quarter and that housing will remain a bright spot as the rest of the economy "sputters along." The most recent data on mortgage originations are for the second quarter of 2016 which ended only days after the Brexit vote. That event caused 10 year U.S. Treasury yields to...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2d9RN8m
No comments:
Post a Comment