30-year fixed-rate mortgage, average in Western U.S. for week ending July 19, 2007. Blue line is Freddie Mac forecast made 7/9/2007.
“”Interest rates on prime conforming fixed-rate mortgages eased further in the past week, according to the Primary Mortgage Market Survey, even though other sources such as HSH Associates reported that jumbo fixed rates increased by a quarter percent or more last week,” said Frank Nothaft, Freddie Mac vice president and chief economist.
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