Big Day For Mortgage Rates

Big Day For Mortgage Rates

Thursday plays host to vastly more mortgage rate articles than any other day of the week.  This has to do with the regular weekly release of Freddie Mac’s mortgage rate survey (which many news organizations use as source material for one article per week on the topic.  Freddie’s data is great when it comes to tracking long term trends, but it doesn’t account for day to day movements.  For example, today’s Freddie survey suggests rates are lower this week, but if we look at this Thursday afternoon vs last, we’re not quite back down to those levels for the average lender. The good news is that last Thursday’s rates were the lowest in nearly a year. 

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Angela Agana
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When you work with me, you will find that attention to detail is one of my biggest strengths. I strongly believe in the "Golden Rule" of treating others as I would like to be treated. I first fell in love with Northern Virginia when my spouse was stationed here with the Air Force over a decade ago. During that time, I have raised three children, contributed to the local community, and became passionate in helping others with their major life changing events - buying and selling their home.
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