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Freddie Mac: Mortgage Rates to Stay Low, Property Values to Rise in 2013

Posted by Bonnie Martin Designated Broker on Tuesday, December 11th, 2012 at 7:47am.

Mortgage rates are likely to remain near record lows for the first half of 2013, while property values are expected to strengthen, said mortgage-finance company Freddie Mac.

The company expects long-term mortgage rates to rise gradually in the second half of 2013, but to remain below 4%, according to its U.S. Economic and Housing Market Outlook.

Freddie Mac sees house prices continuing to rise next year, with most U.S. house price indexes increasing by 2% to 3%. 

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