According to Freddie Mac, mortgage rates are expected to remain low for the foreseeable future, and home sales are showing signs of recovery. Combined with strong consumer confidence, economists predict the housing market to remain strong heading into fall. Now is your chance to purchase or refinance!
Housing to Remain Strong Heading into the Fall
“Rates fell for most of this year and lower rates have translated into a stronger housing market. Both home sales and housing construction are firming. We expect a significant increase in mortgage refinance originations in the coming quarters.”