Stronger economy boosts mortgage rates: Freddie Mac

"We still expect stronger home sales and housing starts in the coming months due to favorable market conditions and accelerating wage growth." In fact, Freddie predicts the 30-year fixed-rate mortgage will average 4.3% for the remainder of the year, which could lead to an increase in both single-family mortgage originations and refinances.

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.

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Mortgage rates improved again today, keeping the week-over-week move decidedly friendly. For more on the weekly move, see the in-depth discussion in yesterday’s coverage (read more.). Long story.

WASHINGTON (AP) – Long-term U.S. mortgage rates ticked up this week for the second straight week, remaining substantially higher than a year ago amid strength in the economy. Mortgage buyer Freddie.

Freddie Mac affects the U.S. economy by lowering interest rates. That makes more loans available to more new homeowners. That makes more loans available to more new homeowners. For example, reducing the rate from 8.5% to 8% allowed an additional 791,000 moderate-income families to buy homes.

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"So, without a doubt, the strong economy and the healthy job market and helping pretty much all sectors of commercial real estate," Woodwell summed up. Taken together, this is a good time and place to be, Woodwell concluded – good for builders, for sellers, for buyers and borrowers, and hence for lenders:

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.

Adjustable Rate Mortgage Good or Bad Idea as Rates Rise Mortgage originations. spot in the economy.” After a strong jobs report for July that beat economists’ expectations, mortgage rates began climbing up yet again after a drastic drop back to near all.

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Freddie Mac’s House Price Index fell slightly to 0.7 percent in the fourth quarter and is expected to increase 4.1 percent and 2.7 percent in 2019 and 2020, respectively.