2014 Home Mortgage Outlook

2014 Home Mortgage Outlook

As 2013 comes to an end, economists are predicting that the mortgage market in 2014 will be driven by home purchases and not refinancing. Home affordability is also expected to rise despite rising mortgage rates. These trends were predicted in Freddie Mac's latest Economic and Housing Market outlook.

"With the close of 2013 will also come a major transition in the housing finance industry," said Frank Nothaft, Freddie Mac's chief economist and vice president. "For the first time since 2000, we're going to see the mortgage market dominated by purchase activity as the refinance share drops below 50%."

Meanwhile, Freddie Mac expects interest rates to steadily rise throughout 2014, with the 30-year, fixed-rate mortgage ending the year near 5%.

Some of the other predictions are as follows:

(1) Housing starts are projected to rise to a pace of 1.15 million units next year. A situation that will in turn create roughly 700,000 new construction jobs, the GSE said in its forecast.

(2) Home sales will remain somewhat restricted by the tighter inventory that is being experienced in many markets, with sales expected to rise between 5% and 6% from 2013 to 2014 according to Freddie Mac.

(3) Borrowers will also experience some positives in 2014, with home values continuing to rise at a more moderate pace of 5% to 6%.

Orawin Velz, an economist  with Fannie Mae, believes the refinance market on average will make up 40% of all loan originations in 2014! Source: HousingWire

Steve Lester is a REALTOR living in Allen, Texas.
stevelesterhomes@gmail.com
http://stevelesterhomes.net/




Seana Taylor Headshot
Author:
Phone: 940-337-1821
Dated: November 21st 2013
Views: 2,663
About Seana: Seana is a native Texan and has lived all over the Lone Star State. She & her family now call Frisco...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Anna Texas Office Space For Lease 1 Hour From DFW Airport - FOR LEASE Approximately 1
Why Are So Few Homes For Sale - There is no doubt that the largest
Sep 20 2017 28188 1 - Today in want to thank God for.
More Americans Say Now Is A Good Time To Sell -   More Americans Say Now is

Our Bloggers

The Doyle Team * - 2
Comprar Casa DFW * - 4
Nikki Acker - 3
Gabrielle Armstrong - 5
Cara Balderas - 54
Tami Bennett - 45
Ramon Bermudez - 2
Justin Blackburn - 1
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Deborah Boyd - 390
Jamie Brannagan - 1
Kathryn Brick - 1
Annette Bruen - 47
Moira Brunken - 18
Beverly Bryant - 24
Ana Cantu - 1
Lisa Cardillo - 53
Bob Cardillo - 4
Lucina Cervantes - 11
Gregory Cornett - 2
Angela Cotten - 89
Missie Craig - 12
Greg Cunningham - 2
David Darty - 1
Sarah Dieter - 9
Belinda Duff - 5
Eva Duffy - 5
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 9
Leslie Fogle - 101
Larry Frassinelli - 6
Chad Gabriel - 58
Shalee Garza - 10
Marcos Garza - 1
Tammy Gill - 1
Timothy Gilliam - 2
Christina Gonzalez - 5
Brigette Goode - 1
Wilma Goodwin - 2
William Graves - 5
Jimmy Hanks - 1
Kristen Henderson - 1
Candie Hernandez - 1
Beth Herr - 1
Hunter Howard - 1
Sandra Hunt - 92
Bill Hurd - 3
Gary Hutchings - 20
Rachel Jama - 47
Trenton Johnson - 15
Marla Johnson - 1
Felicia Johnson - 79
Dakota Joyner - 9
Sunil Kanjia - 6
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 9
Michele Lafortune - 22
Wanda Lewis - 2
Dylan Lochhead - 1
Maria Lopez-Jones - 1
Stacy Lynn Massar - 27
Chuck May - 1
Jennifer Menting - 17
Mikki Migis - 8
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Candace Mozingo - 1
Mark Mulch - 19
Erick Murphy - 6
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kelly Oltmann - 4
Kaysone Orlando - 1
Holli Paddio - 3
JP Piccinini - 50
Julie Ann Pickering - 85
Ann-Marie Pope - 2
John Priestash - 37
Joshua Putman - 111
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Bethany Rowan - 15
Kristi Roy - 1
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 222
Christine Shannon - 30
Rene Sinclair - 27
Shelby Smith - 3
Rebecca Smith - 1
Bryce Smith - 5
Monica Solkhon - 1
Malena Solorzano - 1
Rodrigo Sotomayor - 16
Jenna Stanley - 9
Tim Stoll - 42
Kelley Stubbs - 3
Melodie Sulgrove - 1
Seana Taylor - 217
Mary Taylor - 15
Kevin Taylor - 15
Julian Taylor - 17
Erica Taylor - 54
Angela Taylor - 1
Karla Terrell - 2
Joey Thomas - 2
Michele Thompson - 6
Jason Todd - 24
Andrea Trimble - 55
Sarah Uber - 3
Yael VanGruber - 1
Diane Velez - 18
Debbie Viverito - 132
Rachel Walsh - 2
Nick Walton - 75
Spring Weeks - 9
Clint White - 2
Michael Worley - 164
Martina Worley - 2
Keisha York - 30
Audra Young - 1
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448


Other Locations