Stronger economy boosts mortgage rates: Freddie Mac

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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.

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MCLEAN, VA–(Marketwired – Aug 15, 2016) – Freddie Mac. mortgage activity. Outlook Highlights Revising down GDP growth to 1.5 percent in 2016 and 1.9 percent in 2017. Expecting low mortgage.

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In a forecast released by Freddie Mac on Monday, total home sales (new and existing) are expected to fall by 0.9 percent by the end of 2018, while average home price is expected to grow by 5.5.

The MReport Webcast: Friday 1/8/2016 Sam Khater, Freddie Mac’s chief economist, says mortgage rates have mostly drifted sideways this summer. "This stability is much needed for home sales, which have crested because of the multi-year run up in prices, tight affordable inventory and this year’s higher rates," he said.

As of February 2, the average interest rate on a 30-year fixed-rate mortgage was 6.23 percent, while the initial rate on a 1-year ARM was 5.33 percent, Freddie Mac said.

WASHINGTON (AP) – US long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed-rate mortgage dropped from 4.2 percent last week to 4.14 percent.

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Mortgage buyer Freddie Mac said Thursday the average rate on the. Those developments, along with historically low mortgage rates, should give a boost to. “The U.S. economy remains on solid ground, inflation is contained. its strongest signal to date that it sees no need to raise rates anytime soon.

The past week, the average 30-year fixed mortgage rate increased from 4.61% to 4.66%, the highest level since May 2011, mortgage giant Freddie Mac said Thursday. solid job and income growth and a.