Freddie’s Forecast; Short and Sort of Sweet

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Posted To: MND NewsWire

Freddie Mac’s end-of-the-month forecast for October was exceptionally brief, perhaps in recognition that it has all been said before. The economy is strong but slowing, the labor market is tight and so is the housing inventory. Instead, Freddie’s Economic and Housing Research Team concentrates their commentary on areas they might see as a little less static. Interest rates for example. They call September “the most volatile month for mortgage rates since the beginning of 2018.” An average September week featured an 11-basis point shift in the 30-year fixed-rate. The volatility had several causes. The outlook for resolving the trade dispute between the United States and China shifted constantly, sometimes day-by-day, sometimes hour-by-hour. This instability fed into the financial markets and…(read more)

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