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First American: Mortgage rates champion growth in potential existing home sales

Mortgage Rates Champion Growth In Potential Existing Home Sales. In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to First American’s Potential Home Sales Model.

Written by First American Chief Economist, Mark Fleming The housing market outperformed its potential in May 2019. Actual existing-home sales are 0.2 percent above the market’s current potential, according to our Potential Home Sales model. Even as mortgage rates have decreased, and household income has increased, the market is underperforming compared to it’s potential from a year ago.

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-Demand for existing homes is strong, but one can’t buy what’s not for sale. Declining mortgage rates could be the factor that moves the needle for those that still feel rate-locked in, says chief economist mark fleming– First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions.

First american: mortgage rates champion growth in potential existing home sales Actual existing-home sales are 0.2 percent above the market’s current potential, according to our Potential home sales model," said Mark Fleming, chief economist at First American."Even as. Calls by lawmakers in both parties to do away with Fannie and Freddie are right on target, but the government guarantee on.

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First American: Mortgage rates champion growth in potential existing home sales Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North.

First American: Mortgage rates champion growth in potential existing home sales Posted on May 20, 2019 by admin in News In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model.

The 10-year yield and 30-year mortgage rate are. leading indicator of new and existing home sales, continues to show strong growth while the MBA Refinance Index has jumped roughly 40% on a.

Mortgage Rates Weekly Update February 24 2019 First American: Mortgage rates champion growth in potential existing home sales In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model.