Freddie Mac: Mortgage Rates to Remain Above 6% This Year

National Mortgage Professional, June 21, 2023-David Krechevsky
The unemployment rate will move modestly higher, enough to slow the economy but not trigger a full-blown recession, as inflation cools but mortgage rates remain above 6% through the end of the year. That’s what Freddie Mac sees in its crystal ball for the rest of the year, according to its June U.S. Economic, Housing, and Mortgage Market Outlook, published last week.