Freddie Mac's Primary Mortgage Market Survey for the week ending February 2 found mortgage rates dropped to new historic lows as economic reports showed the economy grew less than expected in the fourth quarter of 2011.
A federal watchdog recently announced it would examine Freddie Mac's use of a mortgage derivative after reports were released indicating the investments gave the mortgage company an incentive to prevent borrowers from refinancing their homes loans to avoid foreclosure.
The Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 20 found mortgage applications dropped 5 percent from the week prior.
