Arizona Real Estate Notebook

6.38% and 0.6 points - 30-year fixed-rate mortgage, average in Western U.S. for week ending October 26, 2006. Blue line is Freddie Mac forecast made 10/10/2006.

“At its most recent meeting, the Federal Reserve (Fed) again declined to raise rates for the third time, citing a slowdown in the housing market,” said Frank Nothaft, Freddie Mac vice president and chief economist.