30-year fixed-rate mortgage, average in Western U.S. for week ending February 8, 2007. Blue line is Freddie Mac forecast made 2/8/2007.
“News of moderate employment gains in January led to a halt in the recent upward trend of interest rate movements,” said Frank Nothaft, Freddie Mac vice president and chief economist. “The 111,000 jobs added last month were fewer than had been anticipated, while the unemployment rate edged up unexpectedly.
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