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Freddie Mac Forecast Sees Lower Interest Rates Holding

Wednesday, January 30, 2019

Freddie Mac's Economic Research Group says in its January forecast that much of the volatility in the mortgage market since the end of the year has arisen out of speculation about the Federal Reserve's future moves vis-à-vis rate hikes.  Because of this they have begun including their estimates for the Federal Funds Effective Rate in their monthly forecast.  They have ratcheted back their prediction to only one rate increase this year and expect the fund to average 2.3 percent in 2019.  It will then hold steady at 2.5 percent for each of the four quarters in 2020.

 

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