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Loan Modification

: Mortgage Lender Implode-o-Meter

30 Year Freddie Mortgage Surges By 22 Bps Over Last Week, Highest Since August At 4.39%

By Implode-Explode Heavy Industries

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"After posting an all time low rate of 4.17% in the week ended November 11, the 30 Year Freddie Mac Fixed-Rate Mortgage has surged by 22 bps to 4.39%, the highest average rate since August 19, before QE2 had started to be priced in. This is a direct reaction to the recent drubbing in the 10 Year bond which continues to see an unwind of the QE2 frontrunning trade. "

Full post as published by Mortgage Lender Implode-o-Meter on November 18, 2010 (boomark / email).

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