2016 Marked Best Year for Sales in a Decade » Mortgage Masters Group

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Summary: A Great Year to Sell. Though price probably worn rise as much in your market as they did last year, 2016 is a great year to sell. You’ll realize the appreciation your home gained last year plus a few points this year, depending on your local market and your property.

Mortgage rates are even lower than a decade ago–the 30-year, fixed mortgage rate in April was 4.1 percent, 1.3 percent lower than in June 2009. The lower mortgage rate, combined with higher household income, has increased consumer house-buying power by 54 percent since the end of the recession.

Thus far in 2017, home sales are the highest in a decade. year. Home price growth has been strong. FHFA reports growth in its House Price Index (which includes Freddie Mac’s purchase mortgage price.

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Home sales december 2016. Low inventory hampered home sales in December, but 2016 nonetheless was the housing market’s best year in a decade. Ohio posted its strongest sales since 2005.

It will be awhile before mortgage underwriters and processors experience the volume they did in 2016, when there were $2.1 trillion in single-family mortgage originations. Freddie Mac is forecasting $1.8 trillion in originations this year, then a slight drop-off to $1.7 trillion in 2018, followed by a slight rebound to $1.8 trillion in 2019.

The number of apartments up for sale in the Swedish capital hit a nine-year high. at the end of 2016), and the fact that more than half of all mortgages are at variable rates, mean a potential.

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