Mortgage News

Freddie Mac anticipates low mortgage rates extending through 2020

A welcoming housing market could be in the forecast for a while after Freddie Mac’s July report indicated that low mortgage rates will likely hang around for a while.

With 30-year fixed mortgage rates hanging around or below 4% for much of 2019, the economy has seen an uptick in mortgage applications for purchase and refinancing.

That trend is expected to continue into next year after the Federal Reserve announced a rate cut, one that some analysts say has already been informally absorbed by the market. An actual move by the Fed would signal further changes in the current direction.

The 30-year fixed mortgage rate has remained below 4% since the end of May, held there by what Freddie Mac called concerns over trade disputes, a possible economic slowdown and anticipated action by the Federal Reserve.

Freddie Mac now projects an annual 30-year fixed rate mortgage of 4.1% over the full course of 2019. For 2020, they have it forecast even lower at 4%, according to MortgageNewsDaily.

A recent upward trend in pending home sales has been attributed to a strong stock market, increasing home values and job growth. Limitations in home sales this year — projected at about 6 million — are linked to lower home inventory, but Freddie Mac foresees that number returning to 2017 levels, about 6.12 million, in 2020.

Pending home sales rose 2.8% in June compared to May and were 1.6% higher compared to June 2018. That marked the first annual gain in that metric in 17 months, according to the National Association of Realtors.

These projections will likely give the housing market additional breathing room as buyers and homeowners looking to refinance gain confidence in current conditions holding steady for the next 16 months.

Photo credit: Michael Tuszynski/

148 Comment

  1. Pingback: buy cialis
  2. Pingback: cialis pills
  3. Pingback: viagra pills
  4. Pingback: viagra
  5. Pingback: cialis
  6. Pingback: viagra online
  7. Pingback: cialis online
  8. Pingback: buy cialis pills
  9. Pingback: viagra cialis
  10. Pingback: buy generic cialis
  11. Pingback: buy cialis online
  12. Pingback: cialis coupons
  13. Pingback: viagra generic
  14. Pingback: ed pills otc
  15. Pingback: cheap ed pills
  16. Pingback: cialis for sale
  17. Pingback: Buy cialis online
  18. Pingback: levitra 10mg
  19. Pingback: generic levitra
  20. Pingback: viagra online
  21. Pingback: tadalafil 20 mg
  22. Pingback: short term loans
  23. Pingback: cash loans
  24. Pingback: cialis 5 mg
  25. Pingback: best-casinos-usa
  26. Pingback: buy cialis
  27. Pingback: new cialis
  28. Pingback: cialis 5 mg
  29. Pingback: cialis buy
  30. Pingback: hollywood casino
  31. Pingback: casino world
  32. Pingback: slots real money
  33. Pingback: doubleu casino
  34. Pingback: viagra discount
  35. Pingback: viagra pill
  36. Pingback: sildenafil citrate
  37. Pingback: viagra for men
  38. Pingback: viagra cost
  39. Pingback: generic tadalafil
  40. Pingback: viagra price
  41. Pingback: cheap tadalafil
  42. Pingback: viagra for sale
  43. Pingback: online viagra
  44. Pingback: cialis 20mg
  45. Pingback: online gambling
  46. Pingback: online viagra
  47. Pingback: sildenafil generic
  48. Pingback: cialis warnings
  49. Pingback: buy sale viagra
  50. Pingback: sildenafil
  51. Pingback: cialis kaufen
  52. Pingback: Viagra 100mg usa
  53. Pingback: Viagra 25 mg cost
  54. Pingback: cialis otc
  55. Pingback: cheap viagra
  56. Pingback: viagra dosage
  57. Pingback: cialis
  58. Pingback: rxtrust pharm
  59. Pingback: sildenafil
  60. Pingback: Cialis 40 mg pills
  61. Pingback: Cialis 80mg prices
  62. Pingback: viagra online
  63. Pingback: tadalafil 80mg uk
  64. Pingback: buy lasix 100mg
  65. Pingback: viagra cost
  66. Pingback: viagra generic
  67. Pingback: amaryl 4 mg usa
  68. Pingback: viagra generic
  69. Pingback: viagra cheap
  70. Pingback: buy 36 hour cialis
  71. Pingback: cialis jelly
  72. Pingback: rx trust pharm
  73. Pingback: viagra 100mg

Comments are closed.