Mortgage rates forecast

Mortgage rates inched higher for the second straight week and further increases are likely in the near term, according to Freddie Mac.

Mortgage rates took small steps up after hitting a four-month low, but continued hovering around the same range they have all summer, according to Freddie Mac.

Mortgage rates decreased for the third straight week and reached their lowest level since mid-April, according to Freddie Mac.

Fannie Mae decreased its 2018 origination forecast for the fourth time this year in anticipation of more upward pressure on rates, and housing weakness that persists despite increased overall economic strength.

Average mortgage rates fell, including the largest week-over-week drop of the past 12 months, but homebuyer demand stays mum, according to Freddie Mac.

Mortgage rates took a small step back due to affordability pressure after climbing for the past two weeks, according to Freddie Mac.

Consumer optimism about purchasing a home continued to fade in July, as low inventory, rising prices and higher interest rates are affecting their market perception, Fannie Mae said.

Mortgage rates rose to their highest level in seven weeks and fourth-highest of 2018, thanks to strong economic trends, according to Freddie Mac.

Mortgage rates rose to their highest level since late June, going up for the third time in the past nine weeks, according to Freddie Mac.

There is an opportunity for home sales to break out of the doldrums if price appreciation slows, mortgage rates remain flat and supply increases, Freddie Mac said.