Stronger economy boosts mortgage rates: Freddie Mac

Average 30-Year Mortgage Rate to Surpass 5% Next Year, Freddie Mac Projects June 23, 2018 June 23, 2018 Staff interest rates , mortgages/housing market The 30-year fixed-rate mortgage reached a high of 4.66 percent in the third week of May and is sitting at 4.57 percent as of June 21, according to Freddie Mac.

WASHINGTON (AP) – Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years. Costs for would-be homebuyers.

But the improved economy has yet to significantly boost sales and construction, even as economists say that the gains should soon flow into housing. To calculate average 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.

Flood insurance authorization lapses in government shutdown The guidance attached to this bulletin continues to apply to federal savings associations. This bulletin provides guidance to assist national banks in dealing with the periods during which the authority of the Federal Emergency Management Agency (FEMA) to issue flood insurance contracts under the National Flood insurance program (nfip) has lapsed.

U.S. mortgage rates fall from a seven-year. term Treasury yields,” said Sam Khater, Freddie Mac’s chief economist. Khater expects demand overall remaining strong as long as job growth and the.

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Freddie Mac’s Economic Research Group says in its January forecast that much of the volatility in the mortgage market since the end of the year has arisen out of speculation about the Federal.

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