"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.
The lion’s share of current loan production is heading toward Fannie Mae and Freddie Mac in the form. a platform for mortgage lenders to collect and share customer feedback and its customers are.
Freddie Mac: Mortgage rates hit 10-month low – Freddie Mac Chief Economist Sam Khater said the U.S. economy remains on solid ground, inflation is contained, and the threat of higher short-term rates is fading from view, which has allowed mortgage.
Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in Arizona and across the country. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage was 3.53 percent with borrowers paying all of their closing costs and 0.8 percent in discount points along.
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Also on Thursday, Freddie Mac data on weekly mortgage rates was released showing that mortgage rates continued their climb. They reached 4.65 percent, nearly tying with the May 2018 7-year high of.
Partly as a result of this increase in construction activity, but more due to lower rates and a strong labor market, home sales are expected to rise to an annual rate of 6.03 million in 2019 and 6.19 million in 2020.
mortgage rates maintain downward Trend. Backed by very strong consumer spending, the economy is red-hot this month, which is in turn rippling through the financial markets and driving equities higher. Unfortunately, the same cannot be said about the housing market, where it appears sales activity crested in late 2017.
In its October Forecast, Freddie Mac stated: "We expect mortgage rates to continue to gradually inch higher. We anticipate that the 30-year fixed-rate mortgage will average 4.5 percent in 2018.
Mortgage rates will follow Treasury yields with the annual average rate for a 30-year falling to 4.1% in 2019 before increasing modestly to 4.2% in 2020. The post Freddie Mac: Low Mortgage Rates, Strong Labor Market to Boost Home Sales appeared first on MortgageOrb .
Mortgage Rates at Lowest Level Since 2017. On June 13, Freddie Mac reported that the average rate for a 30-year fixed mortgage loan was 3.82%. That’s the lowest it has been since September of 2017. Thirty-year mortgage rates were average 4.51% at the beginning of 2019. So they’ve come down considerably since then.