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Uncertainty keeping mortgage rates low: Freddie Mac

Freddie Mac’s latest mortgage rate forecast contains great news both for homeowners and those wanting to be first-time buyers. The housing market looks to be in Goldilocks mode: not too hot, not.

Rates may be low, but not many people are rushing out to make a big purchase such as a home with so much economic uncertainty. score to qualify for a mortgage] According to the latest data released.

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"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.

Sam Khater, Freddie Mac’s. further uncertainty around the Brexit deal, which all contributed to driving bond yields lower. At 4.31 percent, the average 30-year fixed mortgage rate is at its lowest.

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Freddie Mac’s mortgage rate survey explained. research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since freddie mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

Following an earlier survey from Zillow showing that the 30-year fixed-rate mortgage (FRM) had again hit a new low, Freddie Mac released on Thursday the results of its Primary Market Mortgage.

According to Freddie Mac, borrowers received rate quotes ranging from 4.2% to 4.8%. That’s way a patient search process is vital for you to get the best deal. Good Luck with Your low rate mortgage search. bookmark this page because it will be updated with more news on mortgage rate savings!

The average rate for a conforming loan (a conforming loan is home loan that. Everyone should remember when S&L's were earning low rates on their. Fannie Mae and Freddie Mac were seized by the government at the height.. equilibrium faster reduces uncertainty (with the government backing, it has.

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Rates for home loans fell to a seven-week low as ongoing economic uncertainty kept a tight lid on bond yields, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged.

Freddie Mac’s Home Possible mortgage is a 3% down conventional mortgage designed for low- to moderate-income borrowers. First-time borrowers who qualify may want to consider the Home Possible mortgage if they want to buy a higher-priced home or a multifamily property.