Primary Mortgage Market Survey as of 5/23/2019

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According to the Primary Mortgage Market Survey published by Freddie Mac on 5/23/2019, mortgage rates have stayed low for the fourth consecutive week and are expected to stay low. This drop in rates is causing purchase demand to rise.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.