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MBA Chief Economist Mike Fratantoni forecasted that interest rates could see a rise in the year to come, but that they will remain near all-time lows.
While the federal funds rate doesn’t directly affect mortgage rates, there is a strong correlation between the rate on 10-year Treasury bonds and the 30-year mortgage.
The cheapest mortgage rates on record are heading lower, according to Fannie Mae's forecast. And, you don't have to rush to get them.
Consistent with this view that home sales will be only modestly affected by recent rate increases, the forecast for purchase mortgage origination volume is up 13 percent from 2020, to $1.8 trillion.
Mortgage rates won’t change much in August, but they’re more likely to edge down than to go up. I wouldn’t be surprised if the average rate on the 30-year fixed dips to 2.75% annual ...
Freddie Mac's Economic and Housing Research Group finds a lot to like in the present economic environment. . The company's quarterly forecast credits the increasing availability of COVID ...