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Stronger economy boosts mortgage rates: Freddie Mac

Economists said the strong readings. guaranteed by mortgage finance companies Fannie Mae and Freddie Mac. “A variety of different measures of housing activity have been soft in recent months.

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.

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Lowest Mortgage Rates in More Than a Month – A blog keeping you up to date on current mortgage rates and market. The stronger the data, the more rates could rise, while weaker data could lead to new long-term lows.. Freddie Mac’s.

Fixed mortgage rates continued their upward march this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate. tends to be bad for mortgage rates because a.

As chief economist, Sean Becketti leads a team that forecasts mortgage and housing market trends and conducts analysis and research on economic and policy issues affecting Freddie Mac. Prior to joining Freddie Mac, Becketti was senior vice president and head of modeling and analytics at Flagstar Bank.

Climbing US mortgage rates fuel the rush to buy homes – 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.

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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. "Our outlook for the housing market remains largely unchanged," Freddie Mac Chief Economist Sam Khater said.

Mortgage Takeover Boosts Wall Street. that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. The Dow Jones industrials gained more than 100 points but the.

“The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year,” Freddie Mac’s chief economist Sam Khater said in a statement..

Even if the U.S. economy slows during the rest of 2019, the outlook for the housing and mortgage market remains strong, said economists at Fannie Mae and Freddie Mac. Gross domestic product grew 3.2% in the first quarter, but Fannie Mae projects the second quarter to have just 1.7% growth, while Freddie Mac is slightly more bearish at 1.5%.

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