by Calculated Risk on 6/20/2014 03:48:00 PM

I use the weekly Freddie Mac Primary Mortgage Market Survey® (PMMS®) to track mortgage rates. The PMMS series started in 1971, so there is a fairly long historical series.

For daily rates, the Mortgage News Daily has a series that tracks the PMMS very well, and is usually updated daily around 3 PM ET. The MND data is based on actual lender rate sheets, and is mostly "the average no-point, no-origination rate for top-tier borrowers with flawless scenarios". (this tracks the Freddie Mac series).

MND reports that average 30 Year fixed mortgage rates decreased today to 4.18% from 4.20% yesterday.

One year ago, on June 20, 2013, rates were at 4.29% and rising.   So rates are down year-over-year!

The spread will be even larger next week. Here is a table from Mortgage News Daily:

Home Loan Rates

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