Rates for Fixed-Rate Mortgages Predicted to Rise to 5.36% in 2010
In particular, the forecast predicts that the average Freddie Mac commitment rate for fixed-rate mortgages will increase from 5.09% in 2009 to 5.36% in 2010. Note that despite this 27 basis-point rise, the 2010 predicted rate will be low compared to average rates of 6.33% and 6.42% that prevailed in 2007 and 2006, respectively. According to the NAHB forecast, the average Freddie Mac commitment rate for fixed-rate mortgages will continue climbing in 2011 and reach 5.79%. NAHB predicts that the average Freddie Mac commitment rate for adjustable rate mortgages (ARMs) will continue climbing in 2011 and reach 5.31%. If you have an interesting comment in relation to this article please use the form below Related Posts to submit it. Please read submission guidelines before writing and submitting your comment.
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