Sean Becketti - Freddie Mac

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Last quote by Sean Becketti

This week's survey closed prior to Wednesday's flight to quality. The delayed impact of the associated decline in Treasury yields may push mortgage rates lower in next week's survey.feedback
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May 18 2017
Sean Becketti has been quoted 18 times. The one recent article where Sean Becketti has been quoted is U.S. 30-year mortgage rates rise from 5-month lows: Freddie Mac. Most recently, Sean Becketti was quoted as having said, “Despite recent swings in mortgage rates, the housing market continues to show signs of strength.”.
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Sean Becketti quotes

At this point, it is too soon to tell whether Treasuries will hold this new level or if the mortgage rate will increase as much over the coming week.feedback

Low levels of inventory across many markets will continue to put upward pressure on house prices for the foreseeable future.feedback

During the mid-2000s, as house prices went up, borrowing went up almost dollar for dollar. In the last few years, when house prices have again been increasing more rapidly than the long-term average, mortgage borrowing has not increased at all. In fact it has decreased.feedback

We are hoping that people continue to be prudent about cashing out, but part of it is, lenders are more cautious. One of our frustrations at Freddie Mac is we think we've set a very prudent credit box, but we find that lenders won't go all the way out to the edge of our credit box. They are more restrictive than we would allow them to be. They just are super cautious.feedback

House prices have breached the peak levels of 2006, raising concerns about the long-term sustainability of current price levels.feedback

Demand for Treasuries remained high this week, driving yields to their lowest point since February...This rate represents yet another low for 2016 and the lowest mark since May 2013.feedback

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