Barely-Budging Mortgage Rates: Will Home Sales Stir?By RISMedia Staff
In general, mortgage rates remained unchanged this week, according to the latest Freddie Mac Primary Mortgage Market Survey® (PMMS®).
"Mortgage rates have stabilized during the last month and are essentially at the same level as last spring—yet the most recent home sales are roughly half a million lower over the same period," says Sam Khater, chief economist at Freddie Mac. "Given that the economy remains on solid footing and weekly mortgage purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of months." 30-Year Fixed
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