Mortgage Rates Are Actually a Bit Higher

It’s that time again! Thursday rolls around and Freddie Mac releases its weekly mortgage rate survey. Most major media outlets subsequently craft headlines based on the week-over-week change reported by Freddie. Most have some variation on the same theme: “lowest rates in nearly 3 years.” That would be awesome, but it’s not exactly true . Mortgage rates change every day– sometimes multiple times per day. Today, they moved higher for the 2nd time this week, albeit just slightly. We keep track of rates every day, based on lender rate sheets and a few proprietary factors that help us hone in on what the average loan officer is quoting on a top tier scenario. Freddie’s survey relies on response…
Mortgage Rates Newsletter – Market Analysis

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