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October 23rd, 2008 (Modified on October 24th, 2008)

Mortgage Rates Drop, HSH’s Survey Precedes Freddie’s

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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:

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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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