Both the Mortgage Bankers Association (MBA) and Freddie Mac are predicting continued good times for the housing market! The MBA recently predicted a strong finish for the year, forecasting that 2019 will be the best year for refinance loans since 2016, and the best year for purchase home loans since 2006.
Freddie Mac followed this report with more good news, predicting that there will be $846 billion in refinance loan originations in 2019. Freddie Mac also forecasts a strong 2020 and 2021, predicting $1.299 trillion and $1.369 trillion in purchase loan originations, respectively.
According to Freddie Mac’s Chief Economist Sam Khater, “The economy has seen increased volatility in November as hopes for a favorable resolution to the trade dispute have recently waned. However, given low interest rates, modest inflation and a solid labor market, the U.S. housing market continues to stand firm, and, our forecast is for the housing market to maintain momentum over the next two years.”
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About the Author
Ryan Christensen
Responsive, Responsible and Resourceful - How Real Estate Should Be. This is the foundation of our continued success: responsive service, providing accurate and timely information, and demystifying the process. 100% of my business is referral based because I listen to my clients' needs and exceed their expectations. As a full-time real estate broker, I am the best advocate for both my buyers and sellers. I am always available, regardless of the time of day.
Being a native Southern Californian is a tremendous advantage. I know the area. Time is more valuable than money, but neither can be wasted. And, I'm a fan of hard work. My clients can enjoy their home buying and/or selling experience because I provide a trusting, focused, straightforward approach. I look forward to helping you achieve your goals and find joy in homeownership.
I am both a licensed Real Estate and Mortgage Broker. Others choose to concentrate on one or the other. I provide a higher level of service and expertise than those who do not obtain this dual skill set, which differentiates me from other service providers. My decisions and advice are based solely on what is in the best interest of my clients. I use Real Estate Sales as a tool to make sure my clients get the home that meets or exceeds their needs. As a Mortgage Broker, I search for the best loans so I can offer lower rates and pricing than my financing competition. This certainly IS in the client's best interest.