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.

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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.