Thursday, 12 July 2007

U.S. 30-year mortgage rates spike in latest week

(Reuters) - Frank Nothaft, Freddie Mac vice president and chief
economist, said the mortgage finance giant expected rates to
stay around their current levels through the end of the year.




"Freddie Mac expects weakness in the housing market to
persist in the second half of the year, with 2007 total home
sales and housing starts hitting 5-year lows," he also said.


Read more at Reuters.com Bonds News

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