This entry was posted on Friday, February 16th, 2007 at 1:00 pm and is filed under Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Sacramento Mortgage Rate Update
The benchmark conforming 30 year fixed rate mortgage improved slightly to 6% this week on reports indicating a slowing economy and falling inflation.
Behind the Numbers
In a week chock full of economic news, January new home starts plunged 14.3%, oil prices lead the Producer Price Index lower, industrial production slowed, unemployment rose, and consumer sentiment weakened.
In testimoney before both the Senate and House Banking committees, Fed Chairman Ben Bernanke projected that inflation will moderate over the next two years, reinvigorating hopes of a Fed rate cut later this year.
February 24th, 2007 at 6:08 pm
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