Thursday, December 9, 2010

Freddie Mac: Mortgage rates rise for fourth consecutive week

"Mortgage rates rose for the fourth consecutive week, according to the Freddie Mac Primary Mortgage Market survey released Thursday.

Frank Nothaft, chief economist at the government-sponsored entity, said rates followed suit behind bond yields, which increased during the week due to more investment. He said investment spawned from stabilization in Europe's debt situation..."

at http://www.housingwire.com/2010/12/09/freddie-mac-mortgage-rates-rise-for-fourth-consecutive-week?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

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