Stronger economy boosts mortgage rates: Freddie Mac

Mortgage rates inched higher this week on signs of a stronger labor market, Freddie Mac reported Thursday. "October’s fervent job growth statistics, mixed with upward revisions in previous months, led.

US long-term mortgage rates down; 30-year average at 4.14% – Its low-rate policy has helped boost stock prices and supported a steadily growing economy. For this summer, Freddie Mac is expecting mortgage rates to be about a quarter to a half percentage point.

Mortgage rates will increase gradually through 2016 in response to monetary tightening – we’re forecasting the 30-year rate will average 4.4 percent for the year. House Prices The imbalance between housing demand and supply continues to boost prices.

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.

Closing times match a low last seen pre-TRID The TRID Rule: Impact and Consequences on the Residential. – The Closing Disclosure or H-25 form. " Persistent cookies" – These cookies stay on your computer or device after your browser has been closed and last for a time specified in the cookie. We use.

Its low-rate policy has helped boost stock prices and supported a steadily growing economy. [Most read] Adbert Alzolay has arrived. And he could give the struggling Cubs a much-needed shot in the arm..

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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 .

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.

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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.

Economists said the strong. Mae and Freddie Mac. "A variety of different measures of housing activity have been soft in.

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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 is.