Mortgage Rates Fall for Third Consecutive Week

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.14 percent with an average 0.7 point for the week ending July 16, 2009, down from last week when it averaged 5.20 percent. Last year at this time, the 30-year FRM averaged 6.26 percent.
Full Story: http://realtytimes.com/rtpages/20090717_rates.htm

Freddie Mac Calls for Appropriate Comparables

The secondary mortgage market company says in a bulletin that the appraiser's selection of comparable sales is crucial to providing an accurate opinion of value. Click here for complete story: