Homebuyers Will Like This Mortgage Rates Forecast

Mortgage rates forecast glenn mccullom May 30 High end of purchase market benefiting most from lower mortgage rates The decline in average mortgage rates since the start of the year is driving higher purchase demand, especially at the higher end of the market, according to Freddie Mac.

It’s time to dust off our crystal ball and take a peek into the future, specifically look at the latest 2019 mortgage interest rate predictions. Mortgage rates hit their low point back in 2012 and have been on a gradual incline up until earlier this year when rates began to trickle lower.

OKLAHOMA CITY – Low mortgage rates are bringing out buyers across the Sooner State. For the past month, officials say that mortgage rates have fallen to their lowest levels since August. That’s great.

If forecasts for prices, rates and income hold, homebuyers will lose less purchasing power this year compared with 2018. An IHS Market forecast indicates a roughly 2.1 percent annual rise in real disposable income this December, while the rate and price forecasts suggest the real typical mortgage payment will rise 3.5 percent.

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The current average on a 30-year fixed-rate mortgage is unchanged this week at 4.35%, Freddie Mac says. One year ago, the rate was higher than it is today – averaging 4.43%. The loans in Freddie Mac’s survey come with an average 0.5 point. Borrowers are latching onto the lower rates.

Rates have been steadily increasing since last November, but are still considered low, so today’s low mortgage rates might be the perfect opportunity for you to become a home owner. Mortgage Rates Forecast. Like most home buyers, you are probably looking towards the future, and not the past.

Mortgage Interest Rate forecast for August 2020. Maximum interest rate 4.07%, minimum 3.83%. The average for the month 3.97%. The 30 year mortgage rate forecast at the end of the month 3.95%.

Mortgage rates will go up (again) Mortgage rates can be difficult to pin down with precision, but experts agree on one thing: Rates will stay north of 5 percent throughout 2019.

That’s one way to sum up what homebuyers should know about mortgage. So what does that have to do with mortgage rates? Confident investors don’t buy safe investments like mortgage notes — they bet.