South Carolina Mortgages & Home Loans - SC Mortgage / South Carolina Real Estate - SC Real Estate

It is hard to imagine how two organizations could deviate more on the direction of mortgage rates than Freddie Mac and The Mortgage Bankers Association did in their respective reports for the week ending August 10 and August 11.

In the wake of the Federal Reserves' decision to halt, temporarily at least, the clockwork quarter-point increases they have made for months in the federal funds rate, Freddie Mac's Weekly Primary Mortgage Market Survey noted across the board drops in rates for three of the four products it tracks. MBA, however, reported that rates increased for each of the three mortgage products in its survey.

According to Freddie Mac the 30-year fixed-rate mortgage...