Posted To: Mortgage Rate Watch
Mortgage rates didn’t move much today. While a few lenders were modestly improved, most were unchanged or offering slightly higher rates. This stands in stark contrast to most of today’s mortgage rate headlines that suggest rates moved lower. Chalk that up to the widespread dissemination of the highly regarded Primary Mortgage Market Survey from Freddie Mac. Indeed, Freddie’s data is exceptionally accurate over time, but it also runs the risk of being a bit stale depending on market movement around the time of their survey period. Freddie collects data for the Survey from Monday through Wednesday, but most of the responses have been received by Tuesday. This week, that meant that most of the respondents had not yet seen the steep losses on Wednesday. Naturally then, Freddie’s numbers suggest…(read more)
Via:: Mortgage Rates Hold Ground at Recent Highs
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