"We still expect stronger home sales and housing starts in the coming months due to favorable market conditions and accelerating wage growth." 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.
According to the latest data released Thursday by Freddie Mac, the 30-year. a better gauge on the economy. “Mortgage rates were flat again this week, despite fluctuations caused by geo-political.
"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.
It is significantly higher than the all-time low of 3.31 percent six years ago, according to data from Freddie Mac. Data from other analysts suggests that new homeowners could be facing even higher.