If current trends hold steady, this year could prove to be a banner year for housing,Freddie Mac said in a new report.
In Freddie Mac’s new monthly outlook report, the government-sponsored enterprise states that it is currently projecting a “surge” in mortgage originations during the third quarter, further reinforcing its view that 2016 will be the “best year” for home sales since 2006.
Additionally, Freddie Mac’s current forecast is for the interest rate on the 30-year fixed-rate mortgage to finish the year with an average of 3.6%, making 2016’s mortgage rates the lowest in more than 40 years.
For a free mortgage quote contact Todd Probasco VP Mortgage Banker 708.205.2983 or visit www.toddpro.com
