MARKET NEWS: week of November 12th

Fannie Mae is out with its housing forecasts for 2020 expecting 30-year fixed rates will continue to fall, hitting 3.5% by the end of 2020, and home prices will rise about 4%. Fannie expects housing starts to be flat in 2020 compared to 2019 and anticipates origination volumes will fall to $1.86 trillion from $2.04 trillion as the refinance share of the market falls from 37% to 31%.

For questions in regards to how this may affect the Multi-Family and Commercial market please contact us directly at (877) 585-FUND (3863)