July 23rd, 2009 
admin 
Mortgage rates posted a mixed play this past week, with the three leading hebdomadary surveys showing significant disagreement in addition which way rates are headed.
The Bankrate.com survey reported that average rates on 30-year fixed mortgages declined slightly, a mere three basis points, to 5.55 percent, while the Freddie Mac and Mortgage Bankers Association both reported increases. Of those sum of two units, the MBA survey reported a major increase of over one-quarter percent, from 5.05 to 5.31 percent, while Freddie Mac reported a more modest increase of six basis points, bringing its average to 5.20 percent.
In part, the variations reflect differences in methodology and timing among the three surveys – the Bankrate survey tends to run higher, and the MBA survey lower, than the other two.
Tags: Mixed, Mortgage Rates