US mortgage rates set for continued volatility

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Low mortgage rates have boosted affordability in the US housing market in the first quarter of this year but are likely to be volatile in the coming months. Freddie Mac’s economy and housing report forecasts that mortgage lenders will be trying to anticipate interest rate rises by the Federal Reserve. House prices are expected to continue rising due to low inventory levels and have been revised up from 4.0 per cent to 4.5 per cent for the year.

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