Freddie Mac: Mortgage rates increase amid strong jobs report

According to Freddie Mac. report noted that the average loan size was on a downward trend, suggesting that builders were favoring production of lower-priced homes. Strong labor market conditions,

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Attributed to Len Kiefer, deputy chief economist, Freddie Mac. "The average 30-year fixed-rate mortgage rose to 3.86 percent for this week following a strong labor market report, essentially bring rates back to where they were at the start of the year. The U.S. economy created 295,000 jobs in February while the unemployment rate dipped to 5.5 percent from 5.7 percent in January, both outperforming market expectations."

According to the latest data released Thursday by Freddie Mac. Employment Report missed expectations for private jobs in July. Uncertainty about the economy helped drive down Treasury yields early.

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Mortgage Interest Rates Down - Mortgage Applications Up 23.5% Fixed mortgage rates increased for the week ending Nov. 12 amid continued market expectations of a possible rate increase by the Federal Reserve and following a stronger-than-expected jobs report, according to Freddie Mac’s latest primary mortgage market survey. The average rate for a 30-year fixed-rate mortgage (FRM) was 3.98%, an increase from the previous week [.]

After a big jump to start the year, mortgage rates have settled in for the summer. According to the latest data released Thursday by Freddie Mac, the 30-year fixed. Overall, the economy, especially.

Mortgage rates fell last week amid weak economic reports, according to the latest data released Thursday by Freddie Mac. the job market, as confirmed by Friday’s employment report from the [Bureau.

After a strong jobs report for July that beat economists’ expectations, mortgage rates are climbing up yet again after a drastic drop last week back to near all-time lows. "A surprisingly.

A recently issued mortgage rate forecast for 2019 and 2020 suggests that average rates could hover below 5% for the foreseeable future. That forecast was issued by the economic research team at Freddie Mac, the same organization that publishes a widely cited mortgage industry survey.

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Mortgage rates were surprisingly calm today, especially in light of the fact that the big jobs report was released this morning. points–though this can vary–and tends to predict Freddie Mac’s.

Mortgage rates leaped to new 2-Yr highs today, after strong economic data increased the chances that tomorrow’s all-important jobs report would be similarly. widely used metric for changes in rates.

Due to healthy home sales data so far in 2019, as well as low mortgage rates and a strong job market, expect total home sales to surpass 2018 levels and reach 5.98 million units in 2019.