Freddie Mac: Housing Market Remains on the Upswing

Despite a very small uptick in rates last week, mortgage rates remain near historic lows and Freddie Mac reports that “…the housing market remains on the upswing with improvement in construction and home sales. While there has been a material weakness in manufacturing and consistent trade uncertainty, other economic trends like employment and home builder sentiment are encouraging.”

US Weekly Average Rates as of 10/17/2019Mortgage Rates Oct 17, 2019

Historic Mortgage Rates Since 1971

Historic Mortgage Rates Chart

 

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