Freddie Mac: Housing market holds its ground in January
Freddie Mac | January 29, 2019
The housing market continues to hold its ground in January, after receiving a boost from declining mortgage rates and slow home price growth at the end of 2018, according to Freddie Mac’s January Forecast. “Despite the weakening of the housing market in 2018, early 2019 data signals a possible turnaround for the year to come,” Freddie Mac Chief Economist Sam Khater said. “This recent uptick in activity proves that homebuyers are very sensitive to changing interest rates and will likely respond positively if mortgage rates remain below 5%.”