December 5, 2019
This week the economy sent mixed signals, leaving mortgage rates unchanged. Survey data for manufacturing and service industries varied while construction spending fell modestly. However, homebuyer demand continued to improve, rising eight percent. Clearly homebuyers remain bullish on the real estate market.
Information provided by Freddie Mac.
Fannie Mae is predicting that continued low rates and possibly lower rates are expected in 2020.
“Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates.”
“There’s a lot of interest in the housing market and how a changing economy affects one’s position within it.”