What does PMMS mean in MORTGAGE
The Primary Mortgage Market Survey (PMMS) is a survey conducted by Freddie Mac to provide information on current mortgage interest rates and loan programs that can help prospective homebuyers make informed decisions.
PMMS meaning in Mortgage in Business
PMMS mostly used in an acronym Mortgage in Category Business that means Primary Mortgage Market Survey
Shorthand: PMMS,
Full Form: Primary Mortgage Market Survey
For more information of "Primary Mortgage Market Survey", see the section below.
Essential Questions and Answers on Primary Mortgage Market Survey in "BUSINESS»MORTGAGE"
What is the PMMS?
The Primary Mortgage Market Survey (PMMS) is a survey conducted by Freddie Mac to provide information on current mortgage interest rates and loan programs.
How often is the PMMS updated?
The PMMS survey is updated weekly on Thursdays with state-specific data collected from hundreds of lenders across the country.
What types of loans are included in the PMMS survey?
The survey includes data for fixed-rate mortgages as well as adjustable rate mortgages (ARMs).
Who should use the PMMS survey?
Homebuyers, real estate agents, bankers and other professionals involved in mortgage lending can use the PMMS to get an up-to-date snapshot of the mortgage market.
Does the survey include jumbo loans?
Yes, jumbo loans are included in the survey.
Final Words:
The PMMS survey helps to keep people informed about mortgage market trends and can be used to compare different loan offers so you can make an educated decision when purchasing or refinancing a home.