Found 5 blog entries tagged as interest rates.

The average rate on a 30-year, fixed-rate mortgage could hit 2.9% in 2021, according to Fannie Mae's April housing forecast!

The housing market growth with the current situation is unknown; however, mortgage rates and a desire for more space could drive our market up. After all, would you rather a few hundred cows within a mile radius or a few hundred people?

The forecasted low-interest rates for 2021 also predict a significant uptick in mortgage originations. The forecast is calling for purchase and refinance originations above 2019 levels in 2021.

The forecast anticipates, overall, a 3.1 percent contraction in real gross domestic product, followed by a rebound of 4.8 percent in 2021.

“The historically rapid decline in economic activity,…

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Given the volatility of mortgage rates in recent weeks, time is of the essence for those looking to secure cheap home financing!


Mortgage rates largely remained unchanged over the past week, but their ups and downs since the beginning of the year have created challenges for those looking to get a loan to buy a home.

The 30-year fixed-rate mortgage remained flat at an average of 3.33% during the week ending April 9, Freddie Mac FMCC, -0.34% reported Thursday. A year ago, the 30-year fixed-rate mortgage averaged 4.12%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage also stayed the same over this last week, averaging 3.4%. The 15-year fixed-rate mortgage, meanwhile, fell five basis points to an average of 2.77%.

Freddie Mac’s…

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Interest Rate Symbol on Grass Background

Experts predict mortgage rates will stay low for the foreseeable future. 

By Aly J. Yale Senior Contributor Real Estate Forbes.com

Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020.

Just yesterday, Freddie Mac reported an average 3.65% rate on 30-year, fixed-rate loans—a whopping 1.06% downslide since just one year ago. Looking at forecasts from the company, as well as from economists at Fannie Mae and the Mortgage Bankers Association, it appears low mortgage rates will persist.

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Last week’s massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, refinancing was up 39% last week, hitting its highest point since January 2016.

Overall refinances accounted for nearly half of all mortgage applications: 47.4%, specifically. For mortgage lender Better.com, the refi surge was even bigger. The company saw refinance loans make up 56% of its total loan activity last month. In total, Better.com has seen a 500% increase in refinance applications since March 2018.

Last week’s dip into low-4% mortgage rates is the big driver of this uptick in activity. According to Freddie Mac, the average rate on a 30-year fixed-rate loan as of March 28 was 4.06%. On 15-year…

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A Year of Strong Growth
By Patrick M. Barkey, Bureau of Business and Economic Research at the University of Montana

The state of Montana turned in a strong revenue growth performance for the fiscal year 2018, which ended in June of last year. The 13.7 percent increase in general fund revenues over the previous year’s totals was aided by strong growth in the individual income tax, which accounts for more than half of the general fund total. There was also vigorous growth in corporate income taxes and in a wide variety of natural resource and tourism-related revenues.

The Tax Cuts and Jobs Act signed into law by President Donald Trump in December of 2017 appears to have provided a positive shock to Montana businesses and households as lower tax rates and…

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