Good News-Interest Rates Drop Down Some Just Before Holiday!

The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2. The PMMS does not provide any APR data and therefore APRs are not included herein. ARM=Adjustable Rate Mortgage.

Mortgage Rates Drop Again This Week

“Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month. Although this week’s data on previously owned home sales showed a decline, total inventory of both new and existing homes is up. Greater supply coupled with the recent downward trend in rates is an encouraging sign for the housing market.”

– Sam Khater, Chief Economist, Freddie Mac

Additional PMMS Information: The financial and other information contained herein speaks only as of the date posted herein. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Averages are for conforming mortgages with 20% down. Average fees and points are provided to reflect the total up-front cost of obtaining a mortgage (one point equals one percent of the loan amount). Freddie Mac, and/or the provider of this information, is/are not responsible for any decisions made based on the reported results of the PMMS. PMMS data is provided “as is,” with no warranties of any kind.