Tagged: Freddie Mac
Strong labor market and consumer confidence bolster economic resilience, but homeowners' show reluctance to relinquish low mortgage rates.
Freddie Mac survey finds the average rate for a 30-year mortgage slipped to 6.78%.
Both the 30-year and 15-year fixed mortgages reach their highest levels since November.
Offering Special Purpose Credit Programs for HomeReady and Freddie Mac’s BorrowSmart Geo-Target.
30-year fixed (6.81%) and 15-year fixed (6.24%) reach highest levels since Nov. 10 last year.
The 30-year fixed mortgage rate averaged 6.71% this week.
GSEs have helped more than 6.7 million troubled homeowners since 2008.
Potential homebuyers, sellers still waiting for a dramatic drop in rates.
GSE's June economic outlook predicts U.S. will avoid a recession.