Freddie Mac released the results of its primary mortgage market survey, showing an increase in the mortgage rates. Additionally, Fannie Mae’s mortgage lender sentiment survey showed how the rising rate affected lenders’ expectations for coming profit margins.
“As the economy improves given labor market optimism, continued vaccination roll-out and additional stimulus pending, mortgage interest rates increased this week,” Freddie Mac’s Chief Economist Sam Khater said.
For more details from these reports, read on.