Mortgage rates forecast

Mortgage rates were flat this week and remain near all-time lows, according to Freddie Mac. But significant numbers of borrowers remain unable to take advantage of them.

Potential sales last month rose compared with April as homes became more affordable due to low mortgage rates.

Mortgage rates fell 8 basis points this week to a new low as the economy remains shaky and there are new flare ups of the coronavirus, according to Freddie Mac.

Mortgage rates increased slightly for the second consecutive week, buoyed early on by positive economic news such as the jobs report that came out last Friday, according to Freddie Mac.

The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.

Mortgage investors can take heart knowing the Federal Reserve considers agency MBS a primary arena through which to conduct monetary policy.

Mortgage rates increased slightly this week as indicators point to an economic revival, including increased home sales activity, according to Freddie Mac.

The Federal Reserve's actions should keep interest rates down and bring home sales back in June, according to NerdWallet.

Mortgage rates fell this week to the lowest level ever recorded by Freddie Mac, even as it appears the relationship to the benchmark 10-year Treasury yield has stabilized.

Mortgage rates declined this past week, further continuing to help attract previously reluctant buyers back into the purchase market, according to Freddie Mac.