Mortgage Rates Steady Among Mixed Economic News
With the exception of the five-year treasury indexed hybrid adjustable
rate mortgage (ARM), mortgage
rates remained virtually unchanged for the second week in a row
according to the results of the Primary Mortgage Market Survey conducted
by Freddie Mac for the week ended November 15.
“Higher productivity growth in the third quarter coupled with a larger-
than-expected decline in consumer confidence in November sent mixed
signals to the current state of the economy,” said Frank
Nothaft, Freddie Mac vice president and chief economist.
Original post by Darin