U.S. 30-year mortgage rates drop below 4%: Freddie Mac 1 month ago NEW YORK (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the United States, Freddie Mac said on Thursday.
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MCLEAN, Va., May 30, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing that the 30-year fixed-rate mortgage rate dropped below four percent for the first time since January 2018.
more substantial rate declines are likely, suggesting modest refinance activity and a substantial drop in mortgage origination. Fannie Mae, Freddie Mac, and the Mortgage Bankers Association provide estimates of the expected dollar volume of mortgage originations. All three project a sharp drop between 2016 and 2017 and muted declines in 2018.
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What’s more, Freddie Mac expects GDP growth to slow to 2.4% in 2019 and to 1.8% by 2020, as the effects of expansionary fiscal policy fade. The report shows that rising mortgage interest rates coupled with increasing home prices have discouraged home buying activity during the third quarter – a trend which Freddie Mac expects will continue.
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the drop in mortgage rates over the last two months is already being felt in the housing market,” Freddie Mac’s chief economist Sam Khater said in a statement. “In the near-term, we expect the housing.
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates continuing to move lower. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.82 percent with an average 0.5 point for the week ending August 31, 2017, down from last week when it averaged 3.86 percent.
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Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!. This is great news for.
Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.
Mortgage rates drop this week, erasing all gains from the previous week and settling back in to near-record lows. “Mortgage rates continue to be relatively stable and at near record lows,” Freddie Mac.