Sam Khater, Freddie Mac's chief economist, says the 30-year fixed mortgage rate remained at 4.55 percent. "The minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth and restrained inflation," he said. "As we head into late spring, the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season."
Added Khater, "While this year's higher rates - up 50 basis points from a year ago - have put pressure on the budgets of some home shoppers, weak inventory levels are what's keeping the housing market from a stronger sales pace."
Freddie Mac News Facts
Welcome to Downtown Miami's First Online Social Network!
:: Find your Condo!
:: Search for Neighbors
:: My Condo is Not Listed
:: Introduce Yourself!
© 2024 Created by Alex (MUL). Powered by
You need to be a member of MIAMIurbanlife.com to add comments!
Join MIAMIurbanlife.com