30-year fixed-rate mortgage, average in Western U.S. for week ending May 10, 2007. Blue line is Freddie Mac forecast made 5/8/2007.
“Low employment growth in April – the slowest pace since November 2004 – and downward revisions to both February and March job growth tempered market concerns of future increases in the rate of inflation,” said Frank Nothaft, Freddie Mac vice president and chief economist. “As a result, mortgage rates were little changed this week.
May 10, 2007 by Realtor John Wake
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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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