The Freddie Mac weekly update on mortgage rates is out today. The 4.76% rate is the fifth week of decline over the from the 5.05% interim high reported on February 10th. The first chart features an overlay of the 30-year fixed rate (excluding points) and core inflation based on the Consumer Price Index since 2007. In light of the ongoing crisis in residential real estate, this data series is one I’ve been following closely.
Here is a long-term view of the complete data series from Freddie Mac, which dates from 1971.
Doug Short Ph.d is the author of dshort.com.
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