Mortgage Rates Drop, HSH’s Survey Precedes Freddie’sby Tim Manni
On Wednesday MarketWatch’s Laura Mandaro reported that HSH Vice President Keith Gumbinger forecast that Freddie Mac’s weekly survey of average U.S. mortgages for a conforming 30-year fixed loan would drop to 6.05%. When Freddie released their report today, the average came in at 6.04%.
Gumbinger’s accurate prediction can be accredited to HSH’s daily survey of national mortgage rates. “Our daily surveys keep our visitors, clients, and news media in tune with the markets on an up-to-the-minute basis. If you need to know what’s happening right now, you’ll want to check with us first,” said Gumbinger.
HSH surveys mortgage rates daily, updating them on our website.
The chart below shows the correlation between HSH’s survey and Freddie’s: