FHFA: Mortgage rates continue to climb

The weekly average rates for new mortgages as of 28 th February were quoted by Freddie Mac to be: 30-year fixed rates held steady at 4.35% in the week. Rates were down from 4.43% from a year ago.

Sam Khater, Freddie Mac’s chief economist, says, "Despite the recent rise in mortgage rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months." News Facts

Contract interest rates are also shifting according to a new report.. Mortgage Apps Continue to Climb. in Daily Dose, Featured, On the Federal Housing Administration (FHA) front, the FHA.

And despite rising mortgage rates at the end of 2016, home prices climbed.. FHFA deputy chief economist, said in the release.. housing options as prices continue to climb.

MCLEAN, Apr 25, 2019 (GLOBE NEWSWIRE via COMTEX) — Freddie Mac (otcqb:FMCC) today released the results of its primary mortgage market Survey (PMMS), showing that fixed mortgage rates posted a.

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Yet in other ways, 2018 might continue to be challenging, especially for home buyers. Mortgage rates are likely to rise, reducing affordability.. prices rose 6.3 % in 2016, according to the Federal Housing Finance Agency.

The most recent data from Freddie Mac showed that mortgage rates have. and shows that interest rates are indeed on the rise as 2017 ends.

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Are Interest Rates Going Up in 2019? What To Expect And How To Prepare | Low VA Rates Mortgage Rates Continue to Climb Posted on June 7, 2013 by Inlanta Mortgage Fixed mortgage rates climbed higher for the fifth consecutive week on concerns the Federal Reserve may slow its bond purchases amid a strengthening economy.

FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its house price index, Refinance Report, Foreclosure Prevention Report, and Performance Report.

The FHFA reported that mortgage contract rates on purchases of newly built homes rose 19 basis points to 4.33 percent. Since reaching 3.93 percent in October 2017, mortgage rates on newly built homes have climbed 40 basis points.

As some banks use the ARM Index as the basis for adjusting the interest rates on adjustable-rate mortgages, FHFA created and designated as the replacement.

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Mortgage interest rates are projected to increase to slightly below 5%. Regarding access to credit, Mel Watt, director of the Federal Housing Finance Agency, said there are creditworthy borrowers.