Mortgage rates forecast

After declining for two straight weeks, mortgage rates reversed direction this week and rose to their second highest level this year, according to Freddie Mac.

Continued optimism in the sell side of the real estate market outweighed the growing negative perception on the buy side, as consumer sentiment about purchasing a home reached a new high, according to Fannie Mae.

Mortgage rates dipped for the second consecutive week although 10-year Treasury yields started to rise again, according to Freddie Mac.

Mortgage rates fell for the first time in four weeks, dropping 10 basis points as investors' concerns over a government crisis in Italy drove bond yields lower.

Freddie Mac's economists took a more bullish outlook than others on the 2018 mortgage market, raising its forecast by $30 billion citing higher-than-projected refinance activity.

Mortgage rates continued their climb this week, jumping 5 basis points to their highest level since May 2011, according to Freddie Mac.

Fannie Mae reduced its mortgage origination volume forecast for 2018 and 2019 as rising interest rates are affecting refinancings now, and will curtail purchase activity going forward.

Mortgage rates have reversed course and reached a new high last seen seven years ago as the yield on the 10-year Treasury crossed the 3% threshold this week, according to Freddie Mac.

The 10-year U.S. Treasury yield rose to its highest level since 2011, extending a selloff in the world’s biggest bond market and raising fresh questions about how high America's borrowing costs will climb.

Mortgage rates were unchanged over the past week, but appear to be headed higher with a robust summer home sales season expected, according to Freddie Mac.