Housing Market Expected to Realize the Positive Impacts of Low Mortgage Rates in 2019 [From the web]

McLean, Va., June 17, 2019 (Freddie Mac) -Concern about future world economic growth and uncertainty around trade and monetary policy have put downward pressure on interest rates. As of the first week of June, the U.S. weekly average 30-year fixed mortgage rate was 3.82%, the lowest since September of 2017. Low mortgage rates along with a strong labor market will help housing markets post modest growth over the next year and a half. We expect refinance mortgage originations to receive a boost in 2019, increasing about 20% relative to 2018.

While real GDP grew at an annual rate of 3.1% in ...

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