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Freddie Mac releases February market outlook
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Thursday, February 20, 2014
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Freddie Mac has released the results of its Economic and Housing Market Outlook for February, which forecasts the state of the U.S. residential market using various data from the economic, housing and mortgage markets.
The February data shows that even though the Fed’s decision to continue to taper its bond-buying activity caused many analysts to conclude an escalation of mortgage rates would inevitably follow, rates have stayed low for the interim. Freddie reported average rates of 4.28 percent for 30-year fixed mortgages and 3.33 percent for 15-year fixed mortgages as of Feb. 13.
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