6.31% and 0.4 Points

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.

February 8, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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