Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) Feb. 12, showing average fixed mortgage rates moving higher amid a strong employment report. Regardless, fixed-rate mortgages rates still remain near their May 23, 2013 lows. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.69 percent with an average 0.6 point for the week ending Feb. 12, 2015, up from last.
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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving higher amid a strong employment report. Regardless, fixed-rate mortgages rates still remain near their May 23, 2013 lows, as the 30-year fixed-rate mortgage (FRM) averaged 3.76 percent with an average 0.6 point for the week ending Feb. 19, 2015, up from last week when.
From market inventory to changing mortgage rates, here’s everything Freddie Mac found in its annual report: Mortgage Rates and Originations. Mortgage rates are down by historical standards, which, because housing prices are outpacing income, is keeping affordability intact. In the beginning of 2017, rates for 30-year fixed mortgage were above.
In addition to their mortgage rate forecasts for 2019 and 2020, Freddie Mac’s research team shared a number of trends and predictions in their latest report. Here are some highlights: They predicted that the nation’s GDP growth will slow to a rate of 2.5% in 2019, followed by a rate of 1.8% in 2020.
Mortgage rates increased for the week ended Feb. 12, driven by strong employment numbers. However, rates still remain near their May 23, 2013 lows, the Freddie Mac Primary Mortgage Market Survey.
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They note that the 30-year fixed-rate mortgages (FRM) dipped below 4.0 percent at the end of May and has remained there "amid concerns over trade disputes, a possible economic slowdown, and market.
"A surprisingly strong July jobs report showed 255,000 jobs added and 0.3 percent wage growth from last month, exceeding many experts’ expectations," said freddie mac chief economist sean becketti. The 30-year fixed-rate mortgage increased to 3.45% for the week ending in Aug. 11, 2016.
Fixed mortgage rates increased for the week ending Nov. 12 amid continued market expectations of a possible rate increase by the Federal Reserve and following a stronger-than-expected jobs report, according to Freddie Mac’s latest Primary Mortgage Market Survey. The average rate for a 30-year fixed-rate mortgage (FRM) was 3.98%, an increase from the previous week [.]
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