Stronger economy boosts mortgage rates: Freddie Mac

Refinance applications rise as rates fall to a seven-month low Mortgage rates fall in May 2019 – – Anyone out to buy or refinance a home this month will find that current mortgage rates have fallen slightly since this time last month. That means it’s best to shop for a mortgage now, while mortgage rates are still historically low. The average interest rate on a conventional 30-year fixed-rate home loan is 4.25%.

"We expect single-family mortgage originations to increase 2.6 percent to $1.69 trillion in 2019 and remain around that level in 2020," said Freddie Mac chief economist Sam Khater.

 · Freddie Mac lowers the interest rates on the mortgages you get from the bank. In fact, it estimates it lowers the rate 0.5 percent, which translates to a $12,000 over the life of a $100,000 loan.

WASHINGTON (AP) – US 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 that the average rate on the 30-year fixed-rate mortgage dropped from 4.2 percent last week to 4.14 percent.

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Freddie Mac: Low Mortgage Rates, Strong Labor Market to Boost home sales patrick barnard june 17, 2019 Leave a comment Low mortgage rates along with a strong labor market will help boost home sales and origination volume over the next year and a half, Freddie Mac’s most recent economic forecast shows.

Strong labor market boosts US consumer confidence. amid strong demand that has been stoked by declining mortgage rates.. or guaranteed by mortgage finance companies fannie mae and Freddie Mac.

Surging prices for new homes suggest tight low-end supply A separate report showed the S&P/Case Shiller composite index of home prices. reports suggest some upside risks to GDP growth in the coming quarters from construction activity," said Millan.

Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages ticked up to an average 4.86 percent this week from 4.85 percent last week. A year ago, it stood at 3.94 percent. The average rate on 15-year, fixed-rate loans rose to 4.29 percent this week from 4.26 percent last week.

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 has a similar forecast to the MBA. They also believe the 30-year fixed mortgage rate will average 5.1 percent next year. In its October Forecast, Freddie Mac.

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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.

NEW YORK (AP) – Rates on fixed mortgages rose for the fourth straight week this week. The surge could slow refinancings and further hamper the housing market. mortgage rates hit 4.61 pct.; refi’s.