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October Forecast Sees Housing Finding Solid Ground

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Mortgage Rates Turn Higher Following Data, Greece Headlines

Treasuries and MBS Hit Hard by European Headlines, 30yr TIPS...

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October Forecast Sees Housing Finding Solid Ground

Freddie Mac's Economic and Housing Market Outlook for October is headlined "Finding Solid Ground." It is another in a series of projections that the housing market is cooling not crashing and that the "cooling" market will have little impact on the economy as a whole.
...

Published Wed, Oct 10 2006 7:00 AM by Glenn Setzer

Filed under: housing bubble, Housing Outlook, builder incentives, gross domestic product

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Mortgage Rates:

30 Yr FRM 3.88%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.14%

MBS Prices:

30YR FNMA 4.5 106-20 (-0-06)
|
30YR FNMA 5.0 108-01 (-0-05)
|
30YR FNMA 5.5 108-30 (-0-03)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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