Uncertainty keeping mortgage rates low: Freddie Mac

There may be a payout for the common shareholders of Fannie Mae and Freddie Mac. Shares of Fannie Mae FNMA, -0.17% and Freddie Mac FMCC, +0.35% surged monday after their chief regulator emphasized.

"Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months," Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge. (Source: Freddie Mac) The 30-year fixed-rate mortgage dropped to 3.89% for the week ending June 8, 2017.

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2 As of January 19, 2017, average 5/1 Treasury-indexed ARM rates were 0.88 percentage points lower than 30-year fixed rate mortgages. Refinancing a $200,000 30-year fixed rate mortgage at 4.09 percent into a 5/1 ARM at 3.21 percent would save about $100 per month in initial monthly payments.

Recent data pointed to a more pessimistic view of the economy this month as mortgage rates fell and business executives’ report concerns of slowing economic activity across the country.

Housing Market Predictions 2020 | 2019 Housing Outlook. –  · housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

Freddie Mac: Mortgage rates decline amid economic uncertainty The 30-year fixed-rate mortgage averaged 4.31% this week

Mortgage buyer Freddie Mac says the average. that home prices could keep falling. Mortgage rates have been dropping because they tend to track the yield on the 10-year Treasury note, which fell.

Rates, as measured by a weekly freddie mac survey, have dropped from. which bring liquidity to the mortgage markets and help keep rates low. The rate decline can also be traced to economic.

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Mortgage rates drop to 10-month low | INFORUM – Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate.

Urbanization of the overall economy reflects on new housing starts Agency mortgage-backed security prepayment speeds increased in February with much of the refinance activity coming from newer loans and those with high coupons, a report from Keefe, Bruyette & Woods said.

MCLEAN, Va., March 14, 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 dropped 10 basis points to 4.31 percent.

Mortgage Rates didn’t move much today, with most lenders just slightly higher than yesterday. This keeps us right in line with the highest levels in more than 4 months. For the sake of perspective.

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