Stronger economy boosts mortgage rates: Freddie Mac

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 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.

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 · Mortgage giant freddie mac said Thursday the average rate on a 30-year fixed-rate mortgage jumped to 3.87 percent from 3.76 percent a week earlier. It.

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. Index, examining how house prices have fared in previous rising mortgage rate eras and what that may tell us about today's housing market.

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.

Overuse of GSE tools in the private-label market adds risk: Moody’s RBC seeks to join Canada mortgage-bond fray on nonprime deal About RBC > Media Newsroom > News Releases > RBC royal bank increases prime rate Tweet TORONTO, September 6, 2017 – RBC Royal Bank today increased its prime lending rate by 25 basis points to 3.20 per cent from 2.95 per cent, effective Sept. 7, 2017.Overuse of GSE Tools in the private-label market adds Risk: Moody’s. National Mortgage News, Feb. 26, 2019–Brad Finkelstein (subscription) Being too dependent on the automated underwriting tools created by the government-sponsored enterprises to originate loans underlying private-label mortgage-backed securitizations could negatively affect their credit quality, Moody’s said.

Average 30-Year Mortgage Rate to Surpass 5% Next Year, Freddie Mac Projects June 23, 2018 June 23, 2018 Staff interest rates , mortgages/housing market The 30-year fixed-rate mortgage reached a high of 4.66 percent in the third week of May and is sitting at 4.57 percent as of June 21, according to Freddie Mac.

Freddie Mac Forecast - Mortgage Rates in 2019 "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.

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Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed-rate mortgage drifted up for the second consecutive week to 4.60 percent. "The higher rate environment, coupled with the ongoing lack of affordable inventory, has led to a drag on existing-home sales in the last few months," he said.

“This trend supports the fact that lower mortgage rates have started to entice. by mortgage finance companies Fannie Mae and Freddie Mac.. “We expect that a slowing economy will keep housing demand in check, and. high, while those in the West surged 6.7 percent to their strongest level in a year.

 · 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.

Fannie markets more than $3 billion in distressed loans According to the government-sponsored enterprise, Fannie Mae provided more than $65 billion in financing to the multifamily market in 2018 with its Delegated Underwriting and Servicing program.