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3 Mortgage Market Trends For 2018; West Coast Drags Down Prices; Rates Find Support

3 Mortgage Market Trends For 2018; West Coast Drags Down Prices; Rates Find Support

Hard to believe it's already that time again, but Freddie Mac's Economic and Housing Research Group are out with their forecast for 2018. The headline is that they expect the economic environment to remain favorable for housing and mortgage markets, with moderate economic growth of about two percent, solid job gains, and low mortgage interest rates . In other words, Deja vu all over again. There will be, they say, three trends driving the 2018 mortgage market: an increase in purchase mortgage volume; cooling of rate refinance activity, and more borrowers tapping their home equity. They put forward specific expectations for each. Increases in the volume of purchase mortgages will be the result of modest gains in both home sales and home price growth. Thus far in 2017, home sales are the highest
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