GENERAL News & VIEWS
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FREDDIE PREDICTS BEST HOME SALES YEAR SINCE '07
Freddie Mac predicted that 2015 will see the highest level of home sales in the U.S. since 2007 in its latest 2014 U.S. Economic and Housing Market Outlook.
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WHERE ARE MORTGAGE RATES HEADED IN 2015?
We finished 2014 with the 30 year fixed mortgage rate at 3.87%. However, the Mortgage Bankers Association projects mortgage rates to be about 5% by the end of 2015.
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HOME PRICES STILL 2% UNDERVALUED
Home prices nationally looked 2% undervalued in Q4 2014. That's the most since the recovery began, and a sign that the housing market is becoming more stable and healthy.
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