“The best preparation for tomorrow is doing your best today.” – H. Jacks May 2019  
 
Sarah Highland
Sarah Highland
Senior Loan Officer
NMLS ID #408785
Cell 361-739-7394
Fax 866-896-8368
Send an email Email Visit my Website Website
Third Coast Home Loans, LLC
 
 
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The forecast calls for favorable rates
According to Freddie Mac’s April Forecast, the mortgage market is expected to see favorable mortgage rates for the remainder of the year, which will help homebuyer affordability. Below are some of the highlights:
The 30-year fixed-rate mortgage is expected to average three basis points lower in 2019 than it did in 2018.
The house price appreciation forecast is expected to be 3.5 percent for 2019.
Due to low mortgage rates, refinance activity is expected to increase from 30 percent of all originations in 2018 to 33 percent in 2019.
Sam Khater, Freddie Mac’s chief economist, says, “We expect to see the result of these low mortgage rates and stronger wage growth translate into better home sales in the coming months, along with better than expected refinance activity for the year.”
 
 
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National Existing-Home Sales Data
Source: National Association of Realtors®
Total existing-home sales: 5.21 million
(down from 5.51 million in the previous month)
Median existing-home price: $259,400
(up from $249,500 in the previous month)
Average number of days on market: 36
(down from 44 in the previous month)
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“Quote
  of the
  Month”
The best preparation for tomorrow is doing your best today.”
  – H. Jackson Brown, Jr.
 
 
 
Sarah Highland | Third Coast Home Loans, LLC
5337 Yorktown Blvd #303 - Corpus Christi, TX 78413
 
Nationwide Mortgage Licensing System & Registry:
Third Coast Home Loans, LLC, NMLS ID #1013927 (www.nmlsconsumeraccess.org)
This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approval. Restrictions and conditions may apply. Terms, rates, data, programs, information and conditions are subject to change without notice, and may not be available in all areas.