(Reuters) - "In a week marked by stock indexes reaching new highs on
Wall Street, mortgage rates lingered near the previous week's
level as the latest economic indicators did not affect
inflation expectations significantly," said Frank Nothaft,
Freddie Mac vice president and chief economist.
He also said the mortgage giant does not believe the
tumbling housing market has yet reached a "trough," with the
Commerce Department reporting this week that building permits
fell by 7.5 percent in June to the lowest level in 10 years.
Read more at Reuters.com Bonds News
Wall Street, mortgage rates lingered near the previous week's
level as the latest economic indicators did not affect
inflation expectations significantly," said Frank Nothaft,
Freddie Mac vice president and chief economist.
He also said the mortgage giant does not believe the
tumbling housing market has yet reached a "trough," with the
Commerce Department reporting this week that building permits
fell by 7.5 percent in June to the lowest level in 10 years.
Read more at Reuters.com Bonds News
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