What you should tell real estate clients about Freddie Mac's mortgage survey

  • Freddie Mac’s Primary Mortgage Market Survey is an industry standard, but be aware (and convey) the reality of information delay.

Most real estate agents understand that mortgage rates change every day, sometimes intra-day. Fewer know that the real-time aspect is driven by global trading in bonds, and mortgage-backed securities (MBSs) are just another kind of bond.