Stronger economy boosts mortgage rates: Freddie Mac

Stronger economy boosts mortgage rates: Freddie Mac

Mortgage refinance booms are a thing of the past: MBA chief economist "The 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent," Sean Becketti, Freddie Mac chief economist. refinance activity bumped up as well in.

freddie mac mortgage Rates Freddie Mac mortgage rate data was out on Thursday. Last week, mortgage rates took a breather, ticking down one basis point to 4.59 percent.

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%.

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.

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Its low-rate policy has helped boost stock prices and supported a steadily growing economy. For this summer, Freddie Mac is expecting mortgage rates to be about a quarter to a half percentage point.

The average rate for a 30-year fixed mortgage climbed to 4.61 percent. “This is what happens when the economy is strong,” Sam Khater, Freddie Mac’s chief economist, told Bloomberg. “All the.

Housing Market Growth Looks Strong – DSNews – 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.

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.

WASHINGTON – Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rate pushed toward the significant 5%.

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.

Good news everyone, America’s robust economy. expect stronger home sales and housing starts in the coming months due to favorable market conditions and accelerating wage growth.” In fact, Freddie.

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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.

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