Housing Starts Hit 12-Year Low
September 20, 2007
Housing starts in August hit the lowest level on an
annualized basis since July 1995 The news would have been even worse if
it were not for a substantial increase in activity in multi-
family housing starts. Construction on projects with…
Another Dramatic Downturn in Mortgage Rates
September 20, 2007
Even before the Federal Reserve’s
half point rate cut on Tuesday Freddie Mac’s Primary Mortgage Market
Survey showed another dramatic downturn in both long and
short term interest rates for conventional mortgages.