30-year fixed-rate mortgage, average in Western U.S. for week ending May 31, 2007. Blue line is Freddie Mac forecast made 5/8/2007.
“Interest rates on fixed-rate mortgages increased further this week following stronger growth in orders for durable goods,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Recent reports have indicated that economic growth outside of the housing market remains robust, with a healthy consumer sector and improving business spending.
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