Daily Archives: February 18, 2016

US New Home Sales at 10-Month High | Cross River Real Estate

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New Home Sales in the United States is expected to be 526.44 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Home Sales in the United States to stand at 539.95 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 589.69 Thousand in 2020, according to our econometric models.

United States New Home Sales

 

ForecastActualQ1/16Q2/16Q3/16Q4/162020Unit
New Home Sales544526533536540590Thousand
United States New Home Sales Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United States New Home Sales using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for – United States New Home Sales – was last predicted on Wednesday, January 27, 2016.
United States HousingLastQ1/16Q2/16Q3/16Q4/162020
Building Permits123212451249125412591310
Housing Starts114911651173118211921288
New Home Sales544526533536540590
Pending Home Sales2.71.991.71.541.451.33
Existing Home Sales546055465402539653785115
Construction Spending-0.40.220.270.290.30.31
Housing Index0.50.480.440.430.420.31
Nahb Housing Market Index6059.2758.9758.4858.0153.23
Mortgage Rate4.024.64.95.14.196.5
Mortgage Applications8.80.980.480.480.480.48
Home Ownership Rate63.763.763.763.763.763.7
Case Shiller Home Price Index183183182181180160

 

 

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http://www.tradingeconomics.com/united-states/new-home-sales

Mortgage rates average 3.65% | Armonk Real Estate

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Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates unchanged from the previous week and remaining near their 2015 lows.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.65 percent with an average 0.5 point for the week ending February 18, 2016, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.76 percent.
  • 15-year FRM this week averaged 2.95 percent with an average 0.5 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.05 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85 percent this week with an average 0.4 point, up from last week when it averaged 2.83 percent. A year ago, the 5-year ARM averaged 2.97 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for theDefinitions. Borrowers may still pay closing costs which are not included in the survey.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

“After another week of financial market oscillations driven by rumors of potential limits on oil production, the 10-year Treasury yield edged up 5 basis points, and the 30-year mortgage rate remained unchanged at 3.65 percent. Despite this week’s uptick in Treasury yields, the 10-year is still 54 basis points lower than it stood at the end of 2015, while the mortgage rate has dropped only 36 basis points over the same period.”