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Mortgages : Two Surveys Show Big Rate Moves In Opposite Directions

Blogger : Mortgage News Daily - Mortgage and Real Estate News
All posts : All posts by Mortgage News Daily - Mortgage and Real Estate News
Category : Mortgages
Blogged date : 2007 Dec 13

The two mortgage interest rate surveys upon which we report each week showed big changes for long term rates during the week ended December 6 and 7, but the difference in the outcomes was striking. Two of the products tracked by Freddie Mac dropped to new two year lows while the Mortgage Bankers Association (MBA) reported substantial upward movement.

The most recent result of Freddie Mac's Primary Mortgage Market Survey for showed the 30-year fixed-rate mortgage (FRM) averaging...

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