Freddie Mac: Mortgage rates decline again

Freddie Mac: Prepare for rates around 5.1 percent Freddie Mac has a similar forecast to the MBA. They also believe the 30-year fixed mortgage rate will average 5.1 percent next year.

The average rate on 30-year fixed-rate mortgages has dipped to 4.10%, from last week’s 4.14%, reports mortgage giant freddie mac. rates are a real bargain. doing what they’re doing This week’s.

June 06, 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 fell to 3.82.

 · Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.75% from 4.81% last week. The key rate stood at 3.94% a year ago.

Freddie Mac’s Chief Economist. “What that means for buyers is good news. Mortgage rates may have a little more room to decline over the very short term. Although the current economic expansion is in.

(Source: Freddie Mac) According to the report, the 30-year fixed-rate mortgage averaged 4.52% for the week ending July 5, 2018, down from 4.55% last week, and up from 3.96% last year.

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"Once again, mortgage rates were a primary driver of AIMI’s declines over the course of the quarter and the last 12 months," said Steve Guggenmos, Vice President of Freddie Mac Multifamily Research and Modeling.

Mortgage Rates Just Crashed. I Explain Why Attributed to Len Kiefer, deputy chief economist, Freddie Mac. "The average 30-year fixed mortgage rate fell to 3.69 percent this week following a decline in 10-year Treasury yields. Low mortgage rates are a welcome sign for those in the market to buy a home this spring season and will help to support homebuyer affordability.

Attributed to Sean Becketti, chief economist, Freddie Mac. "After absorbing a mixed December jobs report; the 10-year Treasury yield fell 8 basis points. The 30-year mortgage rate moved in tandem with Treasury yields falling 8 basis points to 4.12 percent, the second decline since the presidential election.

That makes the secondary mortgage market more liquid and helps lower the interest rates paid by homeowners and other mortgage borrowers. Fannie Mae and Freddie Mac also can help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy.