With the stock market relatively calm and trade tensions easing, mortgage rates have no place to go at the moment. They seem to be in a holding pattern until lenders get a better gauge on the economy..

Here is what Freddie Mac’s Economic and Housing Research Group had to say about mortgage rates this week: "The 30-year fixed-rate mortgage inched higher for the second straight week. Borrowing costs may be slowly on the rise again in coming weeks, as investors remain optimistic about the underlying strength of the economy.

The average interest rate for a 15-year fixed-rate mortgage rose from 3.42% to 3.48%. The contract interest rate for a 5/1 adjustable-rate mortgage loan increased from 3.56% to 3.58%.

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With stocks on the rise, a key fed meeting approaching. global growth on the U.S. economy. Low mortgage rates are no longer a novelty, hence no longer a sudden incentive for borrowers. Total.

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More Americans wanting to become home owners today as mortgage rates retreated. Mortgage Bankers Association releases favorable data. Applications for U.S. mortgages to buy a home rose to a six-month high last week as mortgage rates retreated further from more than two-year highs, Mortgage Bankers Association data released on Wednesday showed.

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Mortgage Rate Forecasts for 2018. Let’s start with the Mortgage Bankers Association (MBA). In September 2017, the industry group updated its long-range finance forecast that offers predictions for the U.S. economy and housing market. Among other things, this report included a mortgage rate forecast through 2018.

Refi activity increased to 44% of total mortgage applications from 42.4% the previous week; adjustable-rate mortgage rose to 8.7% of total applications – the highest since September 2016 – and.