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Freddie Mac Projects Modest Recovery in Housing

Freddie Mac’s latest monthly forecast on the mortgage market calls for an overall uptick in home sales for the rest of 2019, offset by limited housing supply and rising prices. So reports USA Today.

Home Sales to Vets Increase
“Percentage of houses sold to veterans increased in 1Q,” said MBA’s Richmond.

The government-sponsored enterprise said it predicts annual origination levels will reach $1.8 trillion in 2019 and $1.7 trillion in 2020.

Freddie Mac’s chief economist Sam Khater said, “We expect to see stronger housing starts and increased home sales for the remainder of the year as homebuyers benefit from very attractive mortgage rates, lower prices at the gas pump, plus a gradual bump up in wages.”

Read the full article from USA Today.

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