U.S. Mortgage Rates Reverse Course
By Amy Hoak, MarketWatchRISMEDIA, July 16, 2007??”(MarketWatch)??”Long-term mortgage rates did an about-face this week, moving upward due to a favorable June employment report and robust consumer credit growth in May, Freddie Mac’s chief economist said Thursday.“In addition, consumer credit jumped by $12.9 billion in May, almost double market expectations,” Frank Nothaft, Freddie Mac vice [...]
More: continued here