Mortgage Rates Remain Higher

By Michael Neal The Federal Housing Finance Agency (FHFA) reported that mortgage rates on purchases of newly built homes continued to climb in April and additional evidence from Freddie Mac indicates that mortgage rates more generally rose in May as well. However, average mortgage rates have moderated over the first week of June. Mortgage rates reported by Freddie Mac are above the most recent… Read More ›

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About Michael Neal

Michael Neal
Michael Neal is a Senior Economist at the National Association of Home Builders based in Washington D.C. In this capacity, Mr. Neal’s research involves monitoring housing finance issues that impact the U.S. housing market. As a housing economist, Mr. Neal has provided expert analysis and commentary on housing to media outlets around the country. Prior to joining NAHB, Michael worked at the Congress’ Joint Economic Committee, the Federal Reserve, the Congressional Budget Office and Goldman Sachs. He holds a B.A. degree in Economics from Morehouse College, an M.P.A. from the University of Pennsylvania.

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