However, Freddie Mac has reported that rates have stabilized and have actually increased marginally each of the last two weeks. This prompted Freddie Mac Chief Economist Sean Beckett to say : "Post-Brexit volatility tapered off over the last two weeks, allowing interest rates to bounce back a bit from their near-record 30-year mortgage rate.
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Springboard helps formerly distressed borrowers get back on track Freddie Mac: Brexit volatility tapers off, mortgage rates increase It was another challenging quarter for Agency mortgage REIT, as global volatility and falling interest rates led to significant yield spread. loan activity to shift away from Fannie Mae and Freddie. In a.
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On June 27 (the Monday after the Brexit vote) 10-year Treasury rates fell below 1.5 percent for the first time since July 26, 2012. According to Freddie Mac’s Primary Mortgage Markets Survey, the 30-year fixed-rate mortgage rate also fell to 3.41 percent for the week ended on July 7, 2016, the lowest since May 2, 2013 when it was 3.35 percent.
Mortgage rates. volatility within that low, narrow range. Things won’t get serious until we actually break out of that range. After fears increased that the Fed would hike in June, the current.
Other Brexit side effects, such as increased volatility in global. With the Fed keeping interest rates at historic lows, mortgage rates are more likely to stay near their historic lows as well..
Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information. "The recent volatility in financial markets has increased speculation that the Fed will moderate the pace of rate increases but continued strong wage growth is one data point in favor of further rate increases in 2019.
Brexit 1 Month Later: The Impact on Mortgage Rates July 25 , 2016 Les sulgrove blog home Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit.
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