Arizona Real Estate Notebook

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.