Fannie Mae: Cheap mortgage rates will push 2019 refinancings to three-year high

Fannie Mae: Cheap mortgage rates will push 2019 refinancings to three-year high
Fannie Mae released a forecast on Tuesday that has 30-year fixed mortgage rates falling to an average of 3.5% in the fourth quarter from 3.6% in the current period, which will boost refinancings to a three-year high. The nation’s biggest mortgage financier said refinancings probably will reach $699 billion in 2019, a 31% jump from 2018.
Source: https://www.housingwire.com/rss