Ar_home_b_search
 



fixed rate: The Myth of The Freddie Mac Average Mortgage Rate - 11/16/11 03:08 PM
Each week Freddie Mac—one of the giant Government Sponsored Mortgage Enterprises—releases their “Primary Mortgage Market Survey” or “PMMS”.  For the week ending November 10, 2011 the average 30-year fixed rate conventional mortgage was reported at 3.990%.
Almost invariably the mainstream media will spin this report as “Mortgage Rates Hit All-Time Lows” or “30-Year Mortgage Rates Drop Below 4%!”
You may be surprised to hear that this sort of media coverage causes our phones to ring off the hook.  A typical conversation starts like this:
“I just heard that mortgage rates dropped below 4%.  Why can’t you get me a lower rate?”
… (0 comments)

 
Work_at_mag5 Rainmaker_large

Jerry Wright MLO 181458

Marysville, WA

More about me…

Absolute Mortgage

Address: 3503 188th ST SW, Lynnwood , WA, 98036

Office Phone: (425) 771-2349

Cell Phone: (425) 238-2095

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog