Housing Market Forecast Remains Bright, Despite Rise in Rates

first_img As the weather warms and COVID-19 vaccines roll out to more around the country, U.S. economic expansion is expected to accelerate this spring, with real GDP growth hitting 8.4% in Q2 and 6.6% for the full year before moderating in 2022, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.Home sales are likely to be minimally affected by rising mortgage rates to date according to Fannie Mae, though a further jump in record-low mortgage rates remains a risk. Mortgage originations are likely to be adversely affected, however, due to a weakening of refinance mortgage demand. In 2021, the refinance share of origination activity is forecast to dip to 54%, down from 64% in 2020; and by 2022, the refinance share is expected to hit 39%, as rates rise and the pool of outstanding mortgages with incentives to refinance continues to decline. Purchase demand, meanwhile, is expected to remain relatively steady over the next few months, with $1.82 trillion expected in 2021, up from $1.61 trillion in 2020, and another $1.80 trillion expected in 2022.”At the moment, economists’ eyes are on interest rates given the size of the recent increases to Treasury and mortgage rates and the short time period over which those changes occurred,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “Perspective is helpful here: While we forecast some continued upward movement, mortgage rates remain historically low, as they are still 0.8 percentage points below the 2019 average. Underlying Treasury rates have risen, though lenders have absorbed some of the rise by shrinking spreads, as confirmed by our recent Mortgage Lender Sentiment Survey results. While the rate rise will curtail refinances to some degree, 2021 is poised to be a good year overall for housing activity and housing finance, as the economy continues to recover and COVID-19 restrictions ease. We expect a brisk acceleration in economic growth in the coming months. As always, there are downside risks to our forecast, and many center around monetary and fiscal policy impacts on interest rates going forward.”The Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey, found that apps decreased 2.2% for the week ending March 12, 2021 over last week. However, concern remains in the limited number of homes available, as demand continues to outpace supply nationwide. The limited supply of homes for sale is likely holding back transactions, as many would-be buyers are likely unable to find a suitable listing or are being outbid. Even if some people drop out of the market due to rising rates, Fannie Mae feels there is an ample “reserve” of buyers able to fill their place in the near-term. Home price appreciation would likely soften as fewer bidding wars occurred, but the effect on transactions would be limited. Additionally, homebuilders are currently struggling to keep up with demand, suggesting they would continue a brisk construction pace, even if foot traffic cooled.Click here for more highlights from Fannie Mae’s ESR Group. Previous: Toomey: Congress Must Address ‘Fundamental Flaws in the System’ Next: Credit Score Status Confuses Consumers March 17, 2021 1,856 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Doug Duncan Economic and Strategic Research (ESR) Group Fannie Mae Mortgage Bankers Association (MBA) Refinances Weekly Mortgage Applications Survey Home / Daily Dose / Housing Market Forecast Remains Bright, Despite Rise in Rates Share Save in Daily Dose, Featured, Journal, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe About Author: Eric C. Peck Housing Market Forecast Remains Bright, Despite Rise in Rates Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Doug Duncan Economic and Strategic Research (ESR) Group Fannie Mae Mortgage Bankers Association (MBA) Refinances Weekly Mortgage Applications Survey 2021-03-17 Eric C. Pecklast_img read more

Power restored to all areas of Donegal

first_img WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Help sought in search for missing 27 year old in Letterkenny WhatsApp Facebook Google+ 448 new cases of Covid 19 reported today Google+ Twitter Previous articlePower cuts hit thousasnds of homes between Letterkenny and CreesloughNext articleSecurity operation underway in Claudy News Highland Three factors driving Donegal housing market – Robinson Twittercenter_img Pinterest Power restored to all areas of Donegal Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHOR Facebook The ESB says a network fault has been identified and rectified in North Donegal this morning, and all homes have had their power restored.A spokesperson has indicated at this point, they do not believe the fault was caused by Monday’s storm. Guidelines for reopening of hospitality sector published Pinterest Newsx Adverts By News Highland – September 14, 2011 last_img read more

Seminar on alleged collusion to be held in Letterkenny today

first_imgNews Dail to vote later on extending emergency Covid powers PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Twitter Facebook WhatsApp Previous articleDonegal Relay for Life raises just over €321,000Next articleDerry man remanded in custody after going ‘on a rampage’ News Highland By News Highland – August 22, 2013 The issue of alleged state collusion in a number of killings on both sides of the story is the subject of a seminar which takes place today in Letterkenny.“Collusion – The Search For Truth” is being coordinated by Abhaile Aris, the republican ex-prisoners organisation.The speakers include Paul O’Connor of the Pat Finucane Centre in Derry, two representatives of the Ballymurphy Massacre campaign group, Raymond McCord, whose son Raymond Jnr was murdered by the UVF in 1997, and Amanda Fullerton, daughter of Donegal Cllr Eddie Fullerton who was murdered by the UVF at his Buncrana home in 1991.Cllr Gerry Mc Monagle, one of the organisers of the event, says the discussion on the Fullerton case will be of particular interest………..[podcast]http://www.highlandradio.com/wp-content/uploads/2013/08/gmac1pm.mp3[/podcast]center_img Pinterest Twitter Seminar on alleged collusion to be held in Letterkenny today Google+ RELATED ARTICLESMORE FROM AUTHOR Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ Pinterest HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme last_img read more

Lomond Capital acquires agency

first_imgLomond Capital has continued to expand with the acquisition of John Shepherd estate agents in Birmingham taking its portfolio in the city to in excess of £250 million.The Edinburgh-based firm will now merge John Shepherd estate agency with Birmingham-based Marwood Homes and John Shepherd Lettings, which are also owned by Lomond Capital.The company forecast that the enlarged business will now manage more than £250 million worth of properties for private landlords and sell in excess of £200 million worth of property annually.Stuart Pender (left), Chief Executive of Lomond Capital, said, “The merger of John Shepherd Estate Agents with our existing businesses allows us to create a full service proposition for our clients under the leading estate agents brand in the region.”Lomond Capital, which currently has businesses in Aberdeen, Birmingham, Edinburgh and Manchester, is now seeking to make further acquisitions across both lettings and estate agents in Birmingham as well as part parts of the UK. The company is currently in negotiations with estate agents and lettings businesses in Bristol, Brighton, Reading, Oxford and Cardiff.“This is the first in a number of larger acquisitions planned in the south of England,” Pender added. “Our aim is to build a full service of property management businesses in key UK markets that offer private and institutional investors a scale model with a range of offerings from lettings to maintenance, financial products and investment and block management.”The announcement of the John Shepherd acquisition coincides with the appointment of a new Chief Financial Officer and Partner. Hazel McIntyre (right) joins the Lomond group at the start of April having spent periods of her career with RBS, Green Highland Renewables and Giles Insurance.Pender added, “Hazel has significant experience in both seeing through acquisitions and managing growth in  a rapidly expanding group, with profit increasing in Giles Insurance from £8 million to £24 million during her five-year period as Mergers and Acquisitions Director.”merger Lomond Capital acquires John Sheperd Lomond Capital John Shepherd acquisition February 4, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Agencies & People » Lomond Capital acquires agency previous nextAgencies & PeopleLomond Capital acquires agencyThe Edinburgh-based group has snapped up John Shepherd Estate Agents in Birmingham.The Negotiator4th February 20160818 Viewslast_img read more

Fantasy Injury Updates: Is Josh Adams playing Monday night? (Updated)

first_imgIf Adams can’t play for whatever reason, the Eagles will continue to use a committee approach with Corey Clement and Wendell Smallwood. Clement has been sprinkled in more in recent weeks as the true complement to Adams, so he would probably be the player to start if you need an insurance policy for Adams. Darren Sproles is also set to return this week, and he’ll likely handle many of the receiving-back duties.Still, it seems more likely than not that Adams will suit up. He will be a TD threat against a hot-and-cold Redskins defense that has had issues in recent weeks. Adams is a low-end RB2 for this week, and if you’re relying on him to help you get into the fantasy playoffs, he should at least give you a chance to succeed — provided that he can stay on the field.As the day continues on, we’ll have more updates on Adams’ status. Check back frequently during the day for all the latest news. Week 14 Rankings:Quarterback | Running Back | Wide Receiver | Tight End | D/ST | KickerIs Josh Adams playing Monday night?UPDATE: Adams is officially ACTIVE.While Adams is currently listed as “questionable,” it does seem that he is expected to suit up in this contest. According to NFL Network’s Mike Garafolo, Adams is on track to play against the Redskins on Monday night. That should quell concerns about Adams’ active/inactive status just a bit.At the same time, the possibility remains that Adams could tweak his hip in pregame warmups. The injury could also lead to him having a lighter workload in an effort to ensure he limits further damage to that hip.WEEK 14 FANTASY TIPS: Waiver wire pickups | RB handcuff chart Josh Adams has been one of the breakout players of the second-half of the fantasy football season. Since taking over as the Eagles’ lead back, Adams has been a solid RB2 and he has reached the end-zone in each of the past two games. Fantasy football owners have become reliant on him as a part of their starting lineups, but now, there are some questions about whether or not Adams will suit up against the Redskins. He was a late addition to the injury report with a hip injury that he suffered in practice. Now, his Monday Night Football status is in question. Adams’ active/inactive status will be critical to the Week 13 results of many, so there’s no doubt that this injury designation will be important.Throughout the day, we’ll provide you with the latest news on Adams’ status and whether or not he will play. For more on Adrian Peterson’s injury status, go here. Check back for more answers last_img read more

Watch 49ers celebrate win over Washington with slip-and-slide

first_imgIt could not have been much fun for the 49ers Sunday, all the coaches and players standing on the sideline in a total downpour.Very little went according to plan for either offense, creating some ugly football in incredibly sloppy conditions. But after about three hours, the Niners came out with a 9-0 win.To celebrate, the heroes of the game — the 49ers defense — took advantage of the rain-drenched turf of FedEx field, throwing it back to with a middle school-style slip-and-slide.Nick Bosa …last_img read more

Animals Become Tame with Minor Genetic Changes

first_img“In what could be a breakthrough in animal breeding, a team of scientists from Germany, Russia and Sweden have discovered a set of genetic regions responsible for animal tameness,” began a report in Science Daily.  Groups of tame rats and aggressive rats were bred separately, then mated.  Scientists identified genetic regions responsible for the different behaviors.    The editor of the journal Genetics in which the results were published (June issue) remarked how humans have tamed some animals for thousands of years but have had difficulty with others.  He said it’s not folklore and mythology; “genetics plays a large role in the process, and this research provides a solid scientific explanation of this phenomenon, and offers clues about how genomes can be manipulated to breed tame animals of species once believed to be untamable.”How difficult would it be for the Creator to alter the behavior of animals toward humans?  The Bible says God put the fear of man into animals after the Flood (Genesis 9:2) and that in the Millennium wild animals will become tame again (Isaiah 11, 65).  Is that just folklore or mythology?  Modern genetics shows there’s a “solid scientific explanation for this phenomenon.”  Compared to inventing an animal in the first place, taming wild animals would be a minor tweak for the Master of Genetics.  This is certainly more plausible than thinking lions and horses are the products of slime and chance.(Visited 11 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Nargis raps Neetu over bikini shoot

first_imgNargis, who was last seen in the Akshay Kumar and John Abraham-starrer Garam Masala, says she would never wear something that makes her family uncomfortable.Taking a dig at her Garam Masala co-star Neetu Chandra ” who was recently in news for a hot bikini shoot ” Nargis says sporting a bikini is out of question for her.The actress goes on to say she has, in fact, missed out on “a whole lot of films” because she refused to do things which were ethically unacceptable to her.Is that the reason she has done a single film ” Pranali ” since her debut three years ago in Garam Masala? Talking about her career, Nargis says her third film, Morning Walk, is scheduled for release on July 10.The actress, however, says she is happy about the fact that Neetu went on to become a better known face and also tried the bikini.”I am really happy for her. She is a great person and actor and we have been good friends,” she says. “( But) the bikini is out of limits for me. I even refused to wear a bikini in Morning Walk , though the director had asked me to,” she adds.Courtesy: Mail Todaylast_img read more

Loftus-Cheek aiming to emulate Ballack

first_imgChelsea The next Ballack? Loftus-Cheek aiming to become Chelsea’s next midfield dynamo Chris Burton Last updated 2 years ago 19:21 11/9/17 FacebookTwitterRedditcopy Comments(0) Ruben Loftus-Cheek Getty Chelsea Premier League The highly rated midfielder has been included in the senior England squad for the first time and is eager to follow in the footsteps of a legend Ruben Loftus-Cheek admits to having modelled his game on Michael Ballack as he seeks to enjoy similar success with Chelsea.The 21-year-old midfielder is currently taking in a season-long loan with Crystal Palace, with Antonio Conte unable to offer him the regular minutes he needs at this stage of his career.Palace 4/6 to be relegated Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Loftus-Cheek has impressed with the Eagles, earning a first call-up to the senior England squad for friendly dates with Germany and Brazil.The youngster is eager to ensure that his career remains on an upward curve, with inspiration having been taken from an iconic figure of the modern era.Loftus-Cheek told Standard Sport: “Ballack is a player that inspired me when I was growing up at Chelsea.”I used to watch him playing with the likes of [Frank] Lampard and [Michael] Essien in midfield. I was coming through the Academy and my coaches always used to say to me: ‘Watch the games, watch Ballack.’ Ruben Loftus-Cheek Michael Ballack Chelsea“At the time they brought in a type of analysis which was quite new. It tracked players individually. “You could go on a laptop, click on a name and watch all their plays from the game. I used to click on Ballack’s name a lot.”He was a guy that would boss the midfield. It is what my dad used to say to me as well, that I need to boss the midfield too. Ballack was a player that ran the game, while Lampard kind of worked off him. “I took his style into the way I play, especially when I played as a No.8 all the way through the academy and sometimes play now.”Ballack, who won 98 caps for Germany, spent four years with Chelsea between 2006 and 2010.He won the Premier League title, three FA Cups, the League Cup and the Community Shield during his time at Stamford Bridge, while also gracing the 2008 Champions League final.It is a big ask for Loftus-Cheek to reach that level, but the youngster is showing signs of promise and already boasts the physical attributes to put him in the Ballack mould.He added: “I have always been quite tall since the age of 13-14, but I wasn’t powerful with big muscles.”I have had to develop that Ballack frame and power over a period of time. My physicality is a big part of my game. It was a strength that he used and it is something you can compare us with.”Loftus-Cheek has made eight appearances for Palace this season, having previously been restricted to just 32 outings for Chelsea after making his senior debut in December 2014.last_img read more