Economy - Thursday (Investor's Business Daily)

[riky]

Economy - Thursday
    (Investor's Business Daily)

 


Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.


You are not allowed to view links. Register or Login/news.yahoo.com/s/ibd/20080703/bs_ibd_ibd/20080703econbrief