Recently, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving down slightly as we head into the spring home buying season.”Mortgage rates eased a bit following the decline in 10-year Treasury yields,” says Frank Nothaft, vice president and chief economist, Freddie Mac. “Also, the economy added 192,000 jobs in March, which was below the market consensus forecast but followed an upward revision of 22,000 jobs in February. Meanwhile, the unemployment rate held steady at 6.7 percent.” Continue reading “Fixed Mortgage Rates Tick Down”