Saturday , 21 October 2017

Be Careful What You Read About Mortgage Rates Today

By Matthew Graham

Posted To: Mortgage Rate Watch

Mortgage rate data collection is tricky business . Some sources rely on survey data that can have a limited collection window and a significant lag. Other sources rely on incredibly aggressive quotes that tend to have caveats that limit the rates’ availability and applicability to the average top tier scenario. We take a different approach that takes all the potential distortion and confusion out of the process. The result is the most accurate day-over-day mortgage rate movement available, and today’s a good day for it. Reason being: today is Thursday! Why is Thursday cause for exclamation? It’s the day of the week that Freddie Mac’s Primary Mortgage Market Survey is released. This is the long-standing benchmark for mortgage rates as far as financial markets and news media is concerned. There…(read more)

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