Original research and analysis on housing trends, the economy and the mortgage market
Bob and Jane purchased their home three years ago. Now, in the midst of the pandemic, Jane is furloughed from her job as a purchasing manager, and Bob is working fewer hours as a mechanic. They are wondering how long their savings will last. Postponing mortgage payments would make their reserves hold out a lot longer.
Read More>Mortgage Forbearance Rates during the COVID-19 Crisis
Economic activity stalled in early July. Even with many businesses reopening, unemployment claims remained high through September. Total jobless claims were about 26 million in the second week of September. More
If you want to buy a home, is living near the water on your wish list? If so, how much do you worry about flooding? More
As the nation’s affordable housing crisis intensifies, there is a growing movement in high-cost areas for the legalization and expansion of accessory dwelling units (ADUs)—also referred to as granny flats, garage apartments, and in-law suites. More
American homeowners have many options when it comes to mortgage financing. Most homeowners with a mortgage opt for a fully pre-payable 30-year fixed rate mortgage. The fixed rate locks in a fixed payment for the life of the loan, while the 30-year term lowers the required monthly payment. More
The effect of COVID-19 has been felt around the world and across the United States. As states have begun easing restrictions, the economy is rebounding but continues to be constrained. More
Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac's Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac's business prospects or expected results. Although the Economic & Housing Research group attempts to provide reliable, useful information, it does not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2020 by Freddie Mac.
Full Year 2020 as of September | |
---|---|
30-Yr FRM 3.2% |
Originations 3,582($B) |
Home Sales 6.2 (M) |
House Price Growth 5.5% |
Average Rates as of December 17, 2020 | ||
---|---|---|
30-Yr FRM
2.67% 0.7 Fees/Points | 15-Yr FRM
2.21% 0.6 Fees/Points | 5/1-Yr ARM
2.79% 0.3 Fees/Points |
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