Freddie Mac: Mortgage rates continue to drop

MCLEAN, Va., May 30, 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.

2015 Real Estate Market Predictions from Freddie Mac | Maura Neill, REALTOR Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged to 4.06 percent this week, down from 4.28 percent last week. That’s the steepest weekly drop in a decade.

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Mortgage rates dropped again this week, sinking to a 13-month low. The average rate for a 30-year fixed home loan is now as 4.23%. Home buyers nationwide could benefit from this trend. Freddie Mac predicts a slight increase in rates later in 2019.

Following a significant drop last week, mortgage rates basically held steady this week, with the average rate for a 30-year fixed-rate mortgage hovering around 4.08%, up slightly from 4.06%, according.

What’s more, Freddie Mac expects GDP growth to slow to 2.4% in 2019 and to 1.8% by 2020, as the effects of expansionary fiscal policy fade. The report shows that rising mortgage interest rates coupled with increasing home prices have discouraged home buying activity during the third quarter – a trend which Freddie Mac expects will continue.

Just a handful of months ago, mortgage rates were soaring. Now they are sinking. According to data released Thursday by Freddie Mac, the 30-year fixed-rate. had its biggest one-week drop in a.

MCLEAN, Va., May 30, 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 dropped below four percent for the first time since January 2018.

According to Freddie Mac’s latest Primary Mortgage Market Survey, the interest rate on 30-year mortgages held steady this week-but it’s not likely that trend will continue. In fact, Sean.

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Mortgage rates continue to dive as 30-year fixed has biggest one-week drop in a decade. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average plunged to 4.06.

The Prime Mortgage Market Survey reports that last week, the 30 year fixed averaged 3.92 percent with an average 0.6 point. The week prior, the reported average was 3.97 percent. A drop in rate of 0.05%. From Freddie Mac’s Chief Economist, Stan Becketti: "Long-term Treasury yields continue to drop, dragging mortgage rates down with them.