6.09% and 0.6 points - 30-year fixed-rate mortgage, average in Western U.S. for week ending December 7, 2006. Blue line is Freddie Mac forecast made 12/07/2006.
“Continued signs of slowing in the housing market and weakness in the manufacturing sector helped keep mortgage rates down this week,” said Frank Nothaft, Freddie Mac vice president and chief economist. “As a matter of fact, the 30-year FRM is very nearly the lowest it has been this year. The only other time the 30-year FRM has been lower was in January when it fell to 6.10 percent.
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