Stronger economy boosts mortgage rates: Freddie Mac

Mortgage rates have been in a prolonged swoon, but it may be coming to an end. According to the latest data released Thursday by Freddie Mac. last week’s strong employment numbers eased some of.

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Freddie Mac also predicts that mortgage rates will likely remain very low. While the headwinds remain strong going into 2012, there are indications the economy and the housing market are gaining.

As of February 2, the average interest rate on a 30-year fixed-rate mortgage was 6.23 percent, while the initial rate on a 1-year ARM was 5.33 percent, Freddie Mac said.

Mortgage rates will increase gradually through 2016 in response to monetary tightening – we’re forecasting the 30-year rate will average 4.4 percent for the year. House Prices The imbalance between housing demand and supply continues to boost prices.

1 day ago. I cover mortgage, housing and real estate.. “Despite the affordability boost, rising demand against limited. could move lower if the Fed acts to lower rates as insurance for economic growth.” fannie mae, Freddie Mac and the Mortgage Bankers Association all. Some places will be better bets than others.

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Average 30-Year Mortgage Rate to Surpass 5% Next Year, freddie mac projects June 23, 2018 June 23, 2018 Staff interest rates , mortgages/housing market The 30-year fixed-rate mortgage reached a high of 4.66 percent in the third week of May and is sitting at 4.57 percent as of June 21, according to Freddie Mac.

Mortgage rates jumped this week on stronger-than-expected economic reports, according to Freddie Mac’s weekly survey. that sales are at their highest level since early 2007. "If the economy is.

Mortgage Rates Maintain Downward Trend. Backed by very strong consumer spending, the economy is red-hot this month, which is in turn rippling through the financial markets and driving equities higher. Unfortunately, the same cannot be said about the housing market, where it appears sales activity crested in late 2017.

Mortgage rates will follow Treasury yields with the annual average rate for a 30-year falling to 4.1% in 2019 before increasing modestly to 4.2% in 2020. The post Freddie Mac: Low Mortgage Rates, Strong Labor Market to Boost Home Sales appeared first on MortgageOrb .

Adjustable Rate Mortgage Good or Bad Idea as Rates Rise mortgage rate increases seen since the start of 2018 coupled with last week’s additional move higher according to Freddie Mac mean that today’s rates, at 4.66 percent, are 71 basis points.

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