Fannie Mae-No Politics (FNMA)

[Dollars1]

1:59 pm Freddie Mac: 2015 Economic and Housing Outlook (FMCC) : FMCC expects 2015 home sales to be the best since 2007 with mortgage rates low, purchase applications up and pending home sales on a positive upward trend.

Revised down forecast for economic growth for 2015 from 2.8 to 2.6 percent.
After a cold winter, the forecast for housing starts of 1.15 million in 2015 is slightly lower than last month at 1.18 million. However, expect pent up demand from the chilly first quarter to bolster home sales in the succeeding quarters. Forecast for total home sales of 5.6 million in 2015 is unchanged.
Expect house prices to increase 4.0 percent in 2015, a slight increase from last month's projection.
Expect lower mortgage rates to boost the refinance volume share of originations in 2015 to 41 percent.
Forecasting mortgage rates to drift slightly higher over the next six months, increasing more around the end of the year when it anticipates the Fed will begin raising rates.