According to Freddie Mac's weekly survey of mortgage rates, the rates were higher in the latest week. Also the survey stated that the 30-year fixed-rate mortgages average rate is edging closer to 5%.

The Government controlled mortgage buyer Freddie Mac revealed some facts in his survey and said that the single-family delinquency rate, which was 4.2% a year ago decreased to 3.82% in January and now the figure has shown a further decline to 3.78% in February. On the other hand, the multifamily delinquency rate has shown an increase from 0.28% in January to 0.36 percent in February.

Freddie Mac further marked that the total mortgage portfolio grew at an annualized rate of 0.1% in February. He said that the Single-family refinance-loan purchases that are made are 81% of total mortgage purchases and the issuances and guarantee volume of same was $31.4 billion.

Out of the total figure of 23,017 for the first two months of the year, the total number of loan modifications that were made only in February was 11,864 and the aggregate unpaid principal balance of its mortgage-related investments portfolio also shown an increase of about $1.3 billion in February, which states that in total Freddie Mac mortgage-related securities and other guarantee commitments decreased at an annualized rate of 1.7%.