【Freddie Mac】Housing Market Sees Increased Momentum Due to Low Mortgage Rates

During the last week of May, the 30-year fixed-rate mortgage dipped below 4.0% and has remained there amid concerns over trade disputes, a possible economic slowdown, and market anticipation of a Federal Reserve interest rate cut. This decline in mortgage rates has caused a spike in purchase and refinance mortgage applications. Moreover, we expect that low mortgage rates, along with a thriving labor market, will help sustain the housing market for at least the next year and a half.

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