Blog
July 14th, 2008

Read This Week’s “Market Trends” Newsletter

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This week’s Market Trends newsletter, “Mortgage Market Maelstrom, But Rates Steady” is up, click here to read it.

“July 11, 2008 — The turmoil in the mortgage market — not quite eerily quiet in the past couple of weeks — came thundering back into public view this week, as Fannie Mae and Freddie Mac found themselves increasingly battered by the mortgage, housing and investment markets.”

“Mortgage rates remained pretty calm throughout the week. According to HSH’s Fixed Rate Mortgage Indicator (FRMI), the overall average interest rate for 30-year FRMs of all stripes — including conforming, jumbo and expanded conforming offerings — declined by four basis points (.04%) to close the weekly survey at 6.87%. Five-one Hybrid ARMs shed seven basis points, improving to an overall average of 6.41% by week’s end…”

Every Monday HSH publishes a new version of Market Trends, our own in-depth analysis of various financial markets. Get your Market Trends Friday night by signing up to receive the FREE newsletter via email.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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