Posted To: Mortgage Rate Watch

It’s Thursday and, thus, time once again to check in with the slew of mortgage rate headlines that typically follow the release of Freddie Mac’s weekly mortgage rate survey. Here are a few choice selections: “U.S. Mortgage Rates Fall for Second Week” “Mortgage Rates Continue to Decline” “30-year mortgage rates fall to 3-month low” And so on and so on… The only issue here is that they’re all wrong . Rates aren’t lower today, nor are they lower this week, nor are they at the lowest levels in 3 months. They’re actually at their highest levels in several weeks! You may be wondering who’s lying to you at this point, but rest-assured, there is no intentional deception. Quite simply, my claims above take TODAY’S rates into consideration whereas the more upbeat headlines generally pertain to rates…(read more)

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Source: Mortgage News Daily