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Freddie Mac last week released its U.S. Economic and Housing Market Outlook for May showing a pick-up in economic growth in the second half of 2011 and a projected 5 percent increase in 2011 home sales over 2010, on a calendar year basis.
Interest rates are expected to steadily increase the next 12 months, ending at 5 percent in the third quarter of 2016
Overall improvements in the economy will prop-up the housing market.
Interest rates for home loans ticked up the week of March 7, 2019 after four weeks of declines. The 30-year fixed rate for mortgages averaged 4.41 percent, per Freddie Mac data.
NAHB Housing Policy Briefing | As Americans respond to COVID-19, the National Association of Home Builders is helping members respond to the novel coronavirus and evolving economic slowdown / Economic outlook
The average 30-year fixed rate for a mortgage dropped to 4.06 percent this week, down 22 basis points from last week and 34 basis points annually, according to Freddie Mac.
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