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

It's a useful tool, especially to show clients where rates have been recently and historically, but every agent must understand the lag
  • 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.