The Federal Housing Finance Agency (FHFA) recently announced that it is replacing its Monthly Interest Rate Survey with a new data-based survey for mortgage lenders to use as a benchmark for product interest rates – Freddie Mac’s Primary Mortgage Market Survey.
The American Bankers Association has advocated for FHFA to provide a new source of average mortgage-rate data that could be used as a benchmark for various products.
Read on to learn more details about the new survey.