Market Update

HomeMarket Update

Fannie Mae expects 2 more rate cuts, continued refi growth by Steve Randall
The GSE has also given its outlook for the economy
More people were buying new homes in July by Steve Randall
Mortgage applications through builders’ lending subsidiaries jumped

Guaranteed Rate hit a new record high for production last month by Steve Randall
Total funded volume in July was best in lender’s near-20-year history
Lowest rates in almost 3 years prompted refi surge by Steve Randall
MBA’s Refinance Index jumped 37% last week
Rents are rising for multifamily but there is some risk for the market by Steve Randall
Economic conditions could mean volatility for the sector

In a competitive mortgage market a negative rate should cut through by Steve Randall
One Danish bank is taking the competitive mortgage market to new limits
With demand rising and rates low, there could be trouble ahead by Steve Randall
Home sales are facing even greater pressure from tight markets
Homeowners are getting really good at valuing their homes by Steve Randall
The gap between their valuations and those of professional appraisers has narrowed again