Purchase market will strengthen in 2015

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November 17, 2014

Freddie Mac Chief Economist Frank E. Nothaft says that the “U.S. economy appears well poised to sustain about a 3.0 percent growth rate in 2015.”
 
Nothaft that lists some main market features for 2015, including an increase in interest rates, a more moderate house price appreciation rate, and an increased number of total housing starts. He also says that refinance activity will only comprise 20 to 25 percent of all mortgage activity in 2015, and that rental markets are expected to remain tight in most urban markets across the U.S.
 
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