Also on Thursday, Freddie Mac data on weekly mortgage rates was released showing that mortgage rates continued their climb. They reached 4.65 percent, nearly tying with the May 2018 7-year high of.
People on the move: Sept. 28 People on the move – September. Sohonet has announced the appointment of Chuck Parker to executive chairman. Holly Ashford Aug 27, 2014 Sohonet has announced the appointment of Chuck Parker (pictured) to executive chairman. Parker joins Sohonet from Unicorn Media, a provider of cloud video.
Freddie Mac: Low Mortgage Rates, Strong Labor Market to boost home sales Patrick barnard june 17, 2019 Leave a comment Low mortgage rates along with a strong labor market will help boost home sales and origination volume over the next year and a half, Freddie Mac’s most recent economic forecast shows.
Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac said Thursday. Builders had assumed that a.
Mortgage rate increases seen since the start of 2018 coupled with last week’s additional move higher according to Freddie Mac mean that today’s rates, at 4.66 percent, are 71 basis points.
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So, we’re no longer getting out of the recession, really, but we’ve got a very strong economy at our tail." Most economists expected to see interest rates rising and the growth of the economy to slow a bit, he said – but that hasn’t happened: "What we’ve seen is a lot of that growth, the strength of the job market, the strength in the economy and the low interest rates, extend into 2019 as well.
Currently, Freddie Mac is forecasting that housing starts will increase to 1.26 million in 2019 and 1.35 million in 2020. Partly as a result of this increase in construction activity, but more due to lower rates and a strong labor market, home sales are expected to rise to an annual rate of 6.03 million in 2019 and 6.19 million in 2020.