Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate was the lowest in three years. “As rates fell for the third consecutive week, markets staged a rebound with increases in manufacturing and service sector activity,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of very low mortgage rates, a strong economy and more positive financial market sentiment all point to home purchase demand continuing to rise over the next few months.”
Read MoreNews
BUILDER