With the exception of the five-year treasury indexed hybrid adjustable
rate mortgage (ARM), mortgage
rates remained virtually unchanged for the second week in a row
according to the results of the Primary Mortgage Market Survey conducted
by Freddie Mac for the week ended November 15.
“Higher productivity growth in the third quarter coupled with a larger-
than-expected decline in consumer confidence in November sent mixed
signals to the current state of the economy,” said Frank
Nothaft, Freddie Mac vice president and chief economist.