Mortgage rates soar to 7-year highs – Five consecutive weeks of increases pushed mortgage rates to their highest level since April 2011. According to the latest data released thursday by Freddie Mac, the 30-year fixed. to be bad for.
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%.
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The growth rate of the freddie mac house price Index remained flat at 0.9 percent in the third quarter of 2018. We forecast that home prices will increase 5.1 percent in 2018 with the rate of growth moderating to 4.3 percent and 2.9 percent in 2019 and 2020, respectively.
Freddie Mac thinks the new tax legislation will boost income, quoting the Congressional Budget Office that total salaries are likely to increase by an average of 0.9 percent due to the new law.
According to the latest Freddie Mac report: "These historically low rates should provide continued opportunities for current homeowners to refinance their mortgages." Home Loan Applications Surge in June 2019. The housing market is already getting a boost from low mortgage rates.
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.
Expected slowdown in remodeling is good news for mortgage business Probably will slow down, not raise them as much in 2019 as people expected, but still. downturn than having more cash in the bank or more in your portfolio. The good news, as we talked about before.
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.
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Average US Mortgage Rates Tick Up; 30-Year at 4.54 Percent – Rising home prices, tight inventories of affordable homes and historically higher mortgage rates have dampened home sales despite the strong economy. home borrowing costs "may be slowly on the rise.
Bring on the refis: Freddie Mac expects mortgage rates to remain low all year The 30-year fixed-rate mortgage is projected to average 4.3% in 2019 April 29, 2019
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.
For what it’s worth, if you are being quoted 4.25% on a conventional 30yr fixed, it’s worth asking your mortgage professional how much more it would cost you to buy the rate down to 4.125%.