Buying a home? Act fast: Freddie Mac says rates will rise

Customers expect fast answers and don’t want to see their problem passed around. They also want certainty that the answers they get won’t change the day after tomorrow. At Freddie Mac, we have changed our approach to reflect these and other lessons I learned about serving our customers. We are asking early, often and always what our customers want.

Home survey: more homeowners prepare to sell According to NAR’s recent Housing Opportunities and Market Experience Survey, 80 percent of current homeowners think it’s a good time to sell. How to Stage Your Home to Make It Sell Make your home more inviting to potential buyers with home staging..Mortgage Rates Higher After Yellen Testimony The immediate cause or trigger of the crisis was the bursting of the US housing bubble, which peaked in 2006/2007. Already-rising default rates on "subprime" and adjustable-rate mortgages (ARM) began to increase quickly thereafter.Easy availability of credit in the US, fueled by large inflows of foreign funds after the Russian debt crisis and Asian financial crisis of the 1997-1998 period.

As housing prices rise, lenders make buying easier. government-controlled mortgage giants Fannie Mae and Freddie Mac are paving the way by rolling out new programs to encourage home ownership.

In the Senate, there is what he referred to as the Corker-Warren bill which I assume is the "Jumpstart GSE Reform Act (GSE here refers to the Government-Sponsored Enterprises Fannie Mae and Freddie.

They hit an average 4.43% for 30-year, fixed-rate loans as of March 1, according to Freddie Mac data. This was the highest they’ve been since Jan. 9, 2014, when they were an average 4.51%.

"From 2016 to 2017, home sales rose with mortgage rates." Freddie Mac forecasts that homes sales will reach 6.44 million by the end of 2019. Existing home sales rise, especially in South and West

Freddie Mac expects the 30-year fixed mortgage rate to rise half a percentage point in 2019, and the National Association of Realtors predicts a rise of 0.4 percentage point.

The value of real estate will continue to rise. Freddie Mac predicts housing prices will increase by 4.3 percent in 2019. 1 While the rapid price appreciation we witnessed earlier in the decade has slowed, the combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push prices higher.

Finally, if you’re buying in a seller’s market and you want a deal, check into government foreclosure properties. Start with the government-run websites that feature foreclosure houses, like the VA, USDA, FHA, Fannie Mae and Freddie Mac. These properties may require a bit more fixing-up, but you’ll likely pay less in the long run.

Forecasters expect mortgage rates to rise again in 2019 – but at a slower pace. Freddie Mac expects the 30-year fixed mortgage rate to rise half a percentage point in 2019, and the National Association of Realtors predicts a rise of 0.4 percentage point. Fannie Mae’s forecast is for an increase of just 0.1 percentage point.

Mortgage rates today, January 29, 2019, plus lock recommendations Current Mortgage rates move higher tuesday but Still Lower on. – Current Mortgage Rates Move Higher Tuesday but Still Lower on the Week. February 6, 2018.. Click here to get today’s latest mortgage rates (May. 29, 2019).. now is the perfect time to lock in a rate. The long-term projection is for mortgage rates to rise so taking action sooner rather.