Freddie Mac reported that 30-year fixed rates dropped below 5% for the first time since it began recording averages in 1970. But what’s after the headline? Again, the media doesn’t address the second issue — the costs — until the end (and then not fully!). Ed talks about what these costs meant in analyzing a refinance for one of his clients.

Fed MBS Purchasing Report:

Chicago Tribune Article ‘Fixed-mortgage rates fall below 5%’:,0,7714045.story Mortgage Closing Costs: State Rankings:

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2 Responses to What’s Missing Behind the ‘Rate’ Headlines?

  1. Don Hankins says:


    Your podcast is very infomative….”Father Don”

  2. Ed says:

    Thanks Don. Glad you like them and find them helpful!

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