
	Saturday July 19, 2008

26,235 Active Members Register

Welcome, Guest Sign In

Home

Latest Headlines

Popular Stories

Bookmark Us

Reader Comments

SUBSCRIBE

SEARCH OUR SITE


30 Yr Fix	6.37%	0.02%
15 Yr Fix	5.91%	-0.01%
1 Yr ARM	5.17%	0.00%
5/1 ARM	5.82%	0.04%
30 Yr Tres	4.47%	-0.05%
Fed Prime	5.00%	-0.25%
Mortgage Rates \| Blog

MND Features

-	Wiki
-	Video News
-	Mortgage License Information
-	Real Estate License Information
-	Mortgage Content Syndication
-	Mortgage Fraud
-	Housing Bubble

News Archives

Submit A News Tip
or Story Idea

Free Subscription To News Alerts
Stay up to date on breaking news with our free News Alert Service.

Freddie Mac Bumps Up 2004 and 2005 Projections

3641 Views - Printer Friendly - Email This Story To A Friend

ADD NEWS TO YOUR WEBSITE

Freddie Mac released monthly its October economic report last week and revised its September projections upwards in several important categories.

While the corporation projects a continued gradual increase in interest rates, it has adjusted 30 year fixed rates for 2005 downward to 6.1% in the fourth quarter of 2005, 10 basis points lower than its September projections. This lowered interest rate outlook fuels its other changes since last month.

Based on September data, total home sales were projected at 7.66 million units in 2004 and 7.15 million in 2005. New figures are 7.7 for this year (6.5 million existing and 1.2 million new home sales) and 7.67 million for 2005, an increase of over 7% from September projections and only a slight dip from the record setting sale pace of 2004.

Mortgage originations are expected to be even stronger than anticipated in September with total originations anticipated to total $2.7 trillion in 2004 (the September figure was $2.63 trillion) and $2.4 trillion in 2005 ($2.2 trillion). The portion of this figure attributed to refinancing has also been increased due to the slower increase in interest rates. September figures were 45% (2004) and 36% (2005). October projections are 46% and 40% respectively.

Story Views: 3641 | Permalink

Story Tools

Email This Story To A Friend

Subscribe To News Alerts

Related Tags

Select a Tag for more information related to that Tag. (View All Tags)

Comments (0)

No Comments At This Time

Post A Comment

Please fill out the form below to submit a comment.

Name:
(Required - Type Anonymous or Use First Name Only if Private)

Email Address:
(Not Required So No Fake Emails Please.)

URL or Weblog:
(Leave Blank If You Don't Have One - Use http://)

Comments:
(Please keep comments on topic. No HTML Allowed. No Advertisng.)
Please Note: Due to Comment Spam, all comments are reviewed by hand. Most comments will appear shortly after submission but it may take up to 12 hours to appear. If you would like to come back, click here to Bookmark the page.
PLEASE DO NOT USE ALL CAPS

Character Count = (5000 Character Limit)

If you would like to leave a longer comment, please submit your comments in 5000 character increments and we will merge your comments.

Notify me via email when my comment is approved.

Note: Please don't bother spamming. All submissions are reviewed by our our editorial staff. Comment spam and irrelevant links will not be approved.

Trump Talks Economy, Oil and Real Estate

New Evidence of Deceptive Practices at Countrywide

Reader Comments (More)

Double appending my last two messages: As I just said to my wife after reading the headlines about Freddie & Fannie going under: B...
Read

I believe that lending is a two way street. The lenders obviously failed some of the borrowers out there, but over 90% of mortgage...
Read

Amazing that we have people citing the buyers as victims. Culpability for the housing mess falls to both the lenders AND the borro...
Read

Home - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising

All Content Copyright © 2003 - 2008 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.