Freddie Mac said Thursday the 30-year fixed-rate mortgage average hit an 11-week high on inflation jitters. The 30-year fixed-rate mortgage averaged 6.08% with an average 0.6 point for the week ending May 29. Last week, the average was 5.98%, and last year at this time it was 6.42%.
So, what do all the piggs think will happen to 30 yr. mortgage rates over the next 6, 12, 18 and 24 months?
Let’s please try basing the analysis on facts we know about the economy and data figures coming from financial markets…
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