Mortgage Rates Looking Forward & nbsp;Posted by Breckenridge Associates Real Estate on
Current U.S. Mortgage rates are favorable and top economists predict that rates for the end of 2019 will average between 3.8 percent and 4 percent for 30-year fixed rates. According to Freddie Mac, only one year ago in 2018, a 30-year fixed rate mortgage was 4.81 percent, thus showing a sharp decline in today’s rates. It’s interesting to note that in a year-over-year comparison for the week ending November 21, 2019, 30-year rates stood at 3.66 percent. In addition, mortgages have shown a steady decline throughout 2019, with the historic low for 30-year rates at 3.31 percent in November 2012.
Freddie Mac, Fannie Mae and the Mortgage Bankers Association predict these favorable conditions are likely continue for the foreseeable future, good news for…
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