(Reuters) - "Mortgage rates eased this week on market concerns that a
further weakening of housing demand this spring will delay any
recovery in the sector," said Frank Nothaft, Freddie Mac vice
president and chief economist, in a statement.
"Several factors contributed to the softening in housing
markets this spring. In addition to the tightening of lending
standards earlier this year, especially on subprime loans, the
40-basis-point jump in rates on 30-year fixed-rate mortgages in
June may have deterred potential buyers," Nothaft said.
Read more at Reuters.com Bonds News
further weakening of housing demand this spring will delay any
recovery in the sector," said Frank Nothaft, Freddie Mac vice
president and chief economist, in a statement.
"Several factors contributed to the softening in housing
markets this spring. In addition to the tightening of lending
standards earlier this year, especially on subprime loans, the
40-basis-point jump in rates on 30-year fixed-rate mortgages in
June may have deterred potential buyers," Nothaft said.
Read more at Reuters.com Bonds News
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