Uncertainty keeping mortgage rates low: Freddie Mac

Freddie Mac’s latest Primary Mortgage Market Survey shows that the 30-year fixed rate mortgage rate dropped below 4% for the first since January 2018. "While economic data points to continued.

The average U.S. rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks. Cheap mortgages have helped drive a modest recovery in the weak housing market.

 · Last week mortgage rates for san jose homes eased back to the lowest level of the year. According to Freddie Mac’s Primary Mortgage Market Survey 30-year fixed-rate mortgage (FRM) averaged 4.84 percent with an average 0.7 point for the week ending May 20, 2010, down from last week when it averaged 4.93 percent.

Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

Freddie Mac: Mortgage rates decline amid economic uncertainty The 30-year fixed-rate mortgage averaged 4.31% this week

Freddie Mac’s latest mortgage rate forecast contains great news both for homeowners and those wanting to be first-time buyers. The housing market looks to be in Goldilocks mode: not too hot, not.

The average rate for a 30-year fixed-rate mortgage fell to 3.82 percent as investor confidence has slipped and money has moved to the relative security of debt and out of equities.

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Record-low yields on U.S. treasuries are keeping mortgage rates down near all-time lows, which in turn is driving increases in house-buying power and keeping real house prices low compared with.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped. "I expect to see bonds continuing knocking up against this level for a bit, keeping mortgage.

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The average rate on the 30-year fixed mortgage hit a three-year low of 3.73% last week, according to Freddie Mac. That means.

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Frank Nothaft, vice president and chief economist at Freddie Mac, attributed the declines to minimal inflation. “Low inflation is keeping mortgage rates at bay,” Nothaft said. “The core consumer price.