Mortgage Rates Staying Low!

Advertised mortgage rates and real mortgage rates often differ according to how much deceptive "spice" the advertiser sprinkles on the dish.   Discount points, origination fees, broker fees, credits are often manipulated to confuse what should be a fairly simple truth.  While there are some minor variations due to the lender's mark-up, most of the money comes from the same sources.  I have found a good benchmark to be Freddie Mac's Primary Mortgage Market Survey.  It is a weekly average that runs Thursday to Thursday and will center you on the true rate picture. 

Rates are really low and fairly stable.  Pressure is building for a rise, but no one know when this will happen.  For now though....



Have a great weekend!