Stronger economy boosts mortgage rates: Freddie Mac
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MCLEAN, VA–(Marketwired – Aug 15, 2016) – Freddie Mac. mortgage activity. Outlook Highlights Revising down GDP growth to 1.5 percent in 2016 and 1.9 percent in 2017. Expecting low mortgage.
While there are signs that the economy is still strong and growing, there. This week's Freddie Mac average on a 30-year fixed rate mortgage was 3.99%.. Movement's staff helps take complicated economic topics and turn.
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A recently issued mortgage rate forecast for 2019 and 2020 suggests that average rates could hover below 5% for the foreseeable future. That forecast was issued by the economic research team at Freddie Mac, the same organization that publishes a widely cited mortgage industry survey.
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Freddie Mac: Declining mortgage rates boosts growth in the refinance market May 16, 2019 RSS FEED No comments Good news everyone, America’s robust economy is still projected to strengthen the nation’s housing market throughout 2019, according to Freddie Mac ‘s May Forecast.
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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.
While buyer demand and the strong labor market are providing a lift to purchase mortgage originations, borrowing costs are taking a toll on refinancing and Freddie Mac sees the impact of higher.
U.S. long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season. mortgage buyer freddie mac said Thursday the average rate on the 30-year, fixed-rate mortgage dropped to 4.14% from 4.20% last week. By contrast, a year ago the benchmark rate stood at 4.55%.
Home / Daily Dose / Housing Market Growth Looks Strong. said Sam Khater Freddie Mac’s chief economist. "Mortgage rates have stabilized in recent months, and in some high-cost markets, price.
Freddie Mac’s Economic Research Group says in its January forecast that much of the volatility in the mortgage market since the end of the year has arisen out of speculation about the Federal.
The yields pulled away from their yearly lows in the last two weeks as strong data eased economic fears and traders dumped bonds they bought ahead of the Federal Reserve’s massive Treasury-buying.