No changes to U.S. 30-year mortgages this week

(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.


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U.S. 30-year mortgage rates continue to fall

(Reuters) - Reports that existing home sales dropped in May as part of
what Freddie Mac calls "the current housing recession" helped
mortgage rates ease. The mortgage giant also said the market is
waiting to see if the Federal Reserve changes its monetary
policy at the conclusion of its meeting on Thursday.




"Mortgage rates edged down slightly for the second week in
a row after having risen over the previous month and a half,
and as financial markets prepared for the June 28 Federal Open
Market Committee's announcement on monetary policy," said Frank
Nothaft, Freddie Mac vice president and chief economist.


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U.S. Stocks Gain on Easing Subprime Concern; Cardinal Health Shares Rise

(Bloomberg) -- U.S. stocks gained on prospects for
higher earnings in the health-care industry and easing concerns
that losses tied to subprime mortgages will hurt financial
company profits.

Cardinal Health Inc., the second-largest U.S. drug
distributor, gained after it said earnings will be at the top
end of a previous forecast. Freddie Mac, the No. 2 U.S.
mortgage finance company, advanced after its treasurer said the
subprime slump is ``contained.''


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Freddie Mac to return to timely filings

(Reuters) - "Next week, for the first time, we will return to timely quarterly reporting," said Richard Syron, the chairman and chief executive of Freddie Mac.



)


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Freddie Mac to sell reference REMICs in June 18 wk

(Reuters) - Freddie Mac last issued reference REMICs in a $1.22 billion
deal in May.




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Freddie Mac sells $4 billion 2-year reference notes

(Reuters) - The joint lead managers of the sale were Bear Stearns,
Citigroup Global markets and Credit Suisse.




Including today's offering, Freddie Mac has issued $25
billion of reference notes in 2007 and will have about $238
billion in reference notes and bonds outstanding.


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