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Economic & Housing Research

How to Worry About House Prices

Insight | May 31, 2016

Decades from now, scholars will still be debating the causes of the Great Recession of the mid-2000’s, but it’s generally agreed that the collapse of the housing sector was at or near the eye of the hurricane. House prices fell around 25 percent between 2006 and 2011 erasing $6.2 trillion in housing wealth. As a result, almost 23 percent of borrowers found themselves underwater, owing more on their mortgages than their houses were worth. Delinquencies and defaults skyrocketed. Almost two million borrowers lost their homes to foreclosure and short sale. The homeownership rate in the U.S. dropped from 69 percent in 2006 to less than 64 percent today.

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Low mortgage rates keep housing on track

Outlook | May 18, 2016

Life's a Beach

Insight | April 26, 2016

Economic outlook darkens, but housing remains bright spot

Outlook | April 22, 2016

More Commentary

Market Dashboard

Forecast Snapshot

Full Year 2016 as of May
30-Yr FRM
3.9%
Originations
1,725 ($B)
Home Sales
5.92 (M)
House Price Growth
4.8%

Current Outlook Commentary & Forecast

Primary Mortgage Market Survey®

Average Rates as of June 23, 2016
30-Yr FRM 15-Yr FRM 5/1-Yr ARM
3.56% 2.83% 2.74%
0.6 Fees/Points 0.5 Fees/Points 0.5 Fees/Points

This Week's Survey

Freddie Mac Multi-Indicator Market Index®

National MiMi – March, 2016
Mimi This Month
83.8
Monthly Change
+1.00%

This Month's MiMi

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