Where are Rates Going?
To help you monitor market activity with regard to interest rates we’ve provided a link to Freddie Mac’s Primary Mortgage Market survey. Freddie Mac is one of the primary mortgage secondary markets. Freddie Mac surveys lenders across the nation weekly to determine the average mortgage rates. Lenders are surveyed each week and the mix of lender types; thrifts, commercial banks and mortgage lending companies, is roughly proportional to the level of mortgage business that each type commands nationwide. The survey results are used extensively in the media, and have evolved into the foremost reliable, representative source of regional and national mortgage rate trends. The link below will tell you the national average for interest rates. It is important to remember that pricing varies from market to market and what Freddie Mac publishes is an average; your rate may be higher or lower depending on a number of variables specific to your situation. But the average and their commentary is a good way to get a general idea of which way the rates are going.
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