Stronger economy boosts mortgage rates: Freddie Mac


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    "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.

    FHFA announces senior staff appointments dip brought rates back to the level seen in mid-April..