Freddie Mac Sees Rates Staying Below 4% Through 2017
Mortgage rates below 4 percent are going to be the standard, at least through the end of next year.
In its August outlook published Monday, Freddie Mac projected that long-term rates would remain below 4 percent for the rest of 2016 and 2017.
“At the current pace, we’re likely to see the mortgage market top $2 trillion in originations for the first time since 2012,” Freddie Mac’s Sean Becketti said in the outlook. “And unlike in 2012, when the market was driven largely by refinances, today’s market is more balanced between home refinances and purchases; nearly 50-50.”
The news that rates will stay low through next year likely sounds like business as usual to anyone that purchased a home in recent years. Over the past 12 months, long-term interest rates have been averaged above 4 percent for just one week.
This article originally published at https://dc.urbanturf.com/articles/blog/freddie_mac_sees_rates_staying_below_4_through_2017/11560.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro