facebook
twitter
rss
account
search
search
 

Freddie Mac generally upbeat on '06

July 10, 2006 at 3:58 PM   |   Comments

MCLEAN, Va., July 10 (UPI) -- Freddie Mac, the U.S. chartered mortgage lender, expects 2006 to be the third best year ever for the national housing market.

That optimism comes despite rising interest rates, the company said Monday in a statement.

"Though the direction of housing activity is unambiguously heading cooler, we remain confident that the climate is still temperate and that 2006 will finish as the third strongest year ever for the national housing market."

The company also predicted "some volatility in mortgage rates as they continue to bounce around a gently rising trend, averaging 6.8 percent over the remainder of the year for 30-year fixed-rate mortgages."

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback