U. S. Mortgage Rates Unchanged in Early April

Freddie Mac | April 05, 2019

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates held steady in the first week of April 2019, after seeing major drops last week. Sam Khater, Freddie Mac's chief economist, says, "Purchase mortgage application demand saw the second highest weekly increase over the last year and thanks to a spike in refinancing activity, overall mortgage demand rose to the highest level since the fall of 2016." Khater continued, "While the housing market has faced many head winds the last few months, it sailed through the turbulence to calmer seas with demand buttressed by a strong labor market and low mortgage rates. The benefits of the decline in mortgage rates that we've seen this year will continue to unfold over the next few months due to the lag from changes in mortgage rates to market sentiment and ultimately home sales."

Spotlight

RE/MAX Results operates out of the greater Minneapolis, St. Paul, St. Cloud and Rochester areas as well as within western Wisconsin.

Spotlight

RE/MAX Results operates out of the greater Minneapolis, St. Paul, St. Cloud and Rochester areas as well as within western Wisconsin.

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