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| Mortgage News |
30-Year Refinance Mortgage Rates Fall to 6.28% - 2007-02-09 Rates on 30-year refinance mortgage loans dropped for the first time since early December as lower-than-expected job growth eased concerns in financial markets about inflation. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.28 percent this week, lower than the 6.34 percent last week. Last week's level had been the most elevated for mortgages since October. Read the full story at Washington Post |
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Fed's Fisher won't rule out rate hikes, strong U.S. economy - 2007-02-09 Dallas Federal Reserve President Richard Fisher said on Friday he is quite comfortable with the inflation outlook but would "aggressively" argue for more interest rate increases if inflation does not ebb as expected. Fisher said that his upbeat broad view on the U.S. economy had not altered since his last speech on December 19. Robust fourth quarter U.S. economic growth of 3.5 percent is likely to be nudged down to about 3 percent, and 2007 growth could continue at a similar level, he declared. Read the full story at Boston Globe |
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