First American: Mortgage rates champion growth in potential existing home sales

–(BUSINESS WIRE)–First American. As mortgage rates rise further, more existing homeowners will become rate-locked into their current homes. “Given April’s 30-year, fixed mortgage rate of 4.47.

Lower Mortgage Rates Yet to Close Performance Gap, According to First American Potential home sales model Article Stock Quotes (1) Comments (0) FREE breaking news alerts from StreetInsider.com!

Actual existing-home sales remain 1.3 percent below the market’s potential, but the performance gap narrowed from 2.0 percent last month, according to our Potential Home Sales model," said Mark Fleming, chief economist at First American.

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-The thriving economy and growing first-time home buyer demand will have a positive effect on home sales, says Chief Economist Mark Fleming- First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s proprietary Potential Home Sales Model for the month.

Fixed-rates on mortgages rise at fastest pace since 1987 Current Mortgage Rates Comparison On July 25, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.88 percent.

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’s proprietary Potential Home Sales model for the month of June 2016. The model provides a gauge on whether existing-home sales are under or over their long-run potential level based on current market.

"Gains in the Northeast, South and West – a reversal from last month’s steep decline or plateau in all regions – helped overall sales activity rise for the first. existing-home sales in the.

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First American: Mortgage rates champion growth in potential existing home sales In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to First American’s Potential Home Sales Model. "The housing market continued to underperform its potential in April 2019, but the performance gap shrank compared with March.

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First American: Mortgage rates champion growth in potential existing home sales May 21, 2019 RSS FEED No comments In April, potential existing-home sales increased 0.1% from the previous month, narrowing the market’s improvement gap, according to First American ‘s Potential Home Sales Model.