6.11% and 0.5 points - 30-year fixed-rate mortgage, average in Western U.S. for week ending December 21, 2006. Blue line is Freddie Mac forecast made 12/07/2006.
“A quiet week for financial markets translated into a quiet week for mortgage rates as well,” said Frank Nothaft, Freddie Mac vice president and chief economist. “This isn’t much of a surprise, as traditionally the December holiday season tends to be rather slow for housing.
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