Stronger economy boosts mortgage rates: Freddie Mac

Down payments and the other up-front costs of mortgages Mortgage insurance can cost anywhere from 0.3% to 1.2% of the loan’s principal balance, and is commonly paid to the lender as part of the homeowner’s monthly mortgage payment.

Currently, Freddie Mac is forecasting that housing starts will increase to 1.26 million in 2019 and 1.35 million in 2020. Partly as a result of this increase in construction activity, but more due to lower rates and a strong labor market, home sales are expected to rise to an annual rate of 6.03 million in 2019 and 6.19 million in 2020.

John Ralston Jon Ralston has been covering Nevada politics for more than a quarter-century. He is the host of "Ralston Live" on KNPB Channel 5, shown weeknights at 5:30 p.m., and also blogs at ralstonreports.com..

 · Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages ticked up to an average 4.86 percent this week from 4.85 percent last week. A year ago, it stood at 3.94 percent. The average rate on 15-year, fixed-rate loans rose to.

"So, without a doubt, the strong economy and the healthy job market and helping pretty much all sectors of commercial real estate," Woodwell summed up. Taken together, this is a good time and place to be, Woodwell concluded – good for builders, for sellers, for buyers and borrowers, and hence for lenders:

"We still expect stronger home sales and housing starts in the coming months due to favorable market conditions and accelerating wage growth." In fact, Freddie predicts the 30-year fixed-rate mortgage will average 4.3% for the remainder of the year, which could lead to an increase in both single-family mortgage originations and refinances.

 · Mortgage giant Freddie Mac said Wednesday that the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94 percent a week earlier. It was the biggest weekly drop since January 2015. But the 30-year rate was still up from 3.92 percent a year ago.

Freddie Mac: Low Mortgage Rates, Strong Labor Market to boost home sales Patrick Barnard June 17, 2019 Leave a comment Low mortgage rates along with a strong labor market will help boost home sales and origination volume over the next year and a half, Freddie Mac’s most recent economic forecast shows.

 · How it Works: Adjustable Rate Mortgages (ARMs) – Freddie Mac – Learn how they work before making your decision.. An adjustable rate mortgage (ARM) is a loan with an interest rate that will change throughout the life of the loan.

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Nobody Actually Gets That Freddie Mac Mortgage Rate - Today's Mortgage and Real Estate News 30-year fixed-rate mortgage. according to Freddie Mac’s (otcqb:fmcc) primary mortgage market Survey. In the year-ago period, the 30-year FRM averaged 3.83% “Borrowing costs are moving right now for.