Freddie Mac: Mortgage rates inch higher on positive jobs report

A strong Jobs Report, showing jobs added or wages increasing may translate to wage inflation. Inflation tends to negatively impact bonds, like mortgage backed securities, and may cause rates to trend higher. The reverse is also true, a weak jobs report may cause mortgage rates to improve as investors seek the safety of bonds.

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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Confidence in the economic recovery is rising. And, a little at a time, so are rates on residential loans. The latest report from mortgage finance giant Freddie Mac says lenders were offering 30-year fixed-rate home loans at an average 4.80% this week to borrowers with solid credit and 20% down payments or home equity.

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3 days ago · WASHINGTON (AP) – U.S. long-term mortgage rates shot up this week, yet they stayed close to the historic lows that appear to be helping the real estate market. mortgage buyer Freddie Mac says.

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 · Mortgage Rates. According to Freddie Mac, mortgage rates dropped by more basis points in a one-week period last week than at any time in the last 10 years. This is largely based on the Federal Reserve’s concerns about slowing economic growth that we touched on last week.

"Once again, mortgage rates followed bond yields higher amid a positive March employment report," said Frank Nothaft, vice president and chief economist for Freddie Mac. TRD

AFTER sinking to their lowest levels in nearly three years, US mortgage rates popped back up this week. According to the latest data released on Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 3.56 per cent with an average 0.5 point. (Points are fees paid to a lender equal to one per cent of the loan amount and are in addition to

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30-year fixed-rate mortgage highest in eight months By. mortgage rates followed bond yields higher amid a positive March employment report," said Frank Nothaft, Freddie Mac vice president and.

A stronger US economy is increasing the risk of rising inflation and higher interest rates, which could hurt the housing market. The words "Business Insider". An icon in the shape of a person’s.

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