Mortgage rates forecast

If the first weekly Freddie Mac report of the year is any indication, there could be far less volatility for fixed mortgage rates in 2020 than there was in 2019.

Mortgage rates ended the week little changed from the previous seven-day period and near historic lows for the year, according to Freddie Mac.

Freddie Mac reduced its origination forecast for 2020 to under $2 trillion, now projecting $184 billion less in refinance volume compared with its November outlook.

Mortgage rates ended the week unchanged from the previous seven-day period, according to Freddie Mac, although not without some gyrations from the results of the elections in the United Kingdom and U.S-China trade talks.

With housing projected to grow hand-in-hand with the economy, Fannie Mae boosted its single-family mortgage origination outlook for 2019, 2020 and 2021.

Mortgage rates rose slightly with a stronger-than-expected jobs report starting the week and the Federal Open Market Committee decision to hold the line on short-term rates ending it, according to Freddie Mac.

More than half of the third quarter refinance activity was the cash-out variety, with borrowers removing the most total equity from their homes in nearly 12 years, according to Black Knight.

Mortgage rates remained unchanged this week, after moving back and forth during the period on economic and trade news, according to Freddie Mac.

Mortgage rates resumed their upward movement this week, but it's not putting a damper on real estate sales activity, noted Freddie Mac.

Mortgage rates fell this week, reversing a gradual upward trend, to reach their lowest level in six weeks, according to Freddie Mac.