fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Freddie Mac: Don't Count Refinancing out yet

Wednesday, February 3, 2016

Freddie Mac's economists are expressing concerns about what they see as economic headwinds revealed by some recently released indicators.  In their current edition of Insight and Outlook the company downgraded its full year estimate for 2015 real GDP growth by a tenth of a point to 1.9 percent while calling the current expansion the weakest in postwar history.  They project growth in 2016 and 2017 at 2.5 and 2.3 percent respectively making them the sixth and seventh years of sub-3 percent growth.

The economists base their negative outlook on several factors, global growth, particularly in China; disappointing automotive and retail sales and wage growth, and energy prices.  Their negative outlook, however, does not extend to housing.

 

Read Full Article

Testimonial

"Smith/Brandt Home Mortgage Consultants are a great resource for anyone ready to buy a new home! They were there to answer any and all questions before and after closing. They made the home loan process smooth, painless, and easy to understand which was greatly appreciated being a first time home buyer! Thanks again to the both of you for all of your help and guidance!"
Ashley