Mortgage Rates Move Higher On Consumer Spending and Calendar

January 8, 2007 |

Inflation jitters caused mortgages rates to increase
a bit during the last full week of 2006 according to the Primary Mortgage
Market Survey released by Freddie Mac for the period ending December
28.

Frank Nothaft, Freddie Mac vice president and chief economist cited
figures indicating that increased consumer spending in November was the
primary cause for the markets’ worries. “Financial markets,” he
said, “were…