Date post: | 15-Apr-2016 |
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How’s The Market - ‘15?
0
7,500
15,000
22,500
30,000
'05 '06 '07 '08 '09 '10 '11 '12 '13 ‘14 ‘15 '16
How’s The Market - ‘15?• Homes Available for Sale - Historically Low
• Interest Rates Rose but Remained Low
How’s The Market - ‘15?
3.4%
3.575%
3.75%
3.925%
4.1%
Feb. 5, 2015 April 23, 2015 July 9, 2015 Sept. 24, 2015 Dec. 10, 2015
How’s The Market - ‘15?• Homes Available for Sale - Historically Low
• Interest Rates Rose but Remained Low
• Avg Sale Price - Up 11%
HOW’S THE MARKET - ‘16?• More of the same • Homes for Sale to Remain Low • Interest Rates to Rise but Remain Low
Quarter Fannie Mae
Freddie Mac MBA NAR Average
of all four
2016 1Q 4.0% 4.1% 4.2% 4.1% 4.10%
2016 2Q 4.0% 4.3% 4.4% 4.3% 4.25%
2016 3Q 4.1% 4.5% 4.6% 4.6% 4.45%
2016 4Q 4.1% 4.7% 4.8% 4.9% 4.63%
Mortgage Rate Projections
1/2016
HOW’S THE MARKET - ‘16?• More of the same • Homes for Sale to Remain Low • Interest Rates to Rise but Remain Low • Prices to Rise but not as Fast as ’15