Fannie Mae has made some predictions on what the new normal will be for the housing market over the next two year period. Among the predictions are that mortgage rates will stay low with modest increases. FHA loans will increase in cost. Refinancing will drop, and the refi market they believe peaked in 2013. Foreclosures will continue to decline. Housing starts will continue to rise and are projected to rise 23% this year, and mortgage originations will continue to grow.
What Will the New ‘Normal’ for Housing Be?
