October 10, 2019
Despite the economic slowdown due to weakening manufacturing and corporate investment, the consumer side of the economy remains on solid ground. The fifty-year low in the unemployment rate combined with low mortgage rates has led to increased homebuyer demand this year. Much of this strength is coming from entry-level buyers – the first-time homebuyer share of the loans Freddie Mac purchased in 2019 is forty-six percent, a two-decade high.
________________________________________________________
Mortgage Rate Quote FAST?
Call 877-794-5363 (Lend)
Close in as Little as 26 Days!
John Sauro, President
______________________________________________________________________________
Source: Freddie Mac