Arizona Real Estate Notebook

30-year fixed-rate mortgage, average in Western U.S. for week ending August 16, 2007.

“Interest rates on prime conforming fixed-rate mortgages ticked up a little in the past week, in line with 10-year Treasury rates movements and retracing part of last week’s decline,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Problems in the non-prime mortgage market where funds are expensive and hard-to-get have not affected the prime conforming market.“