The latest rate report from Freddie Mac shows a 30-yr mortgage averages 4%, up 2 bps from last...

|By:, SA News Editor

The latest rate report from Freddie Mac shows a 30-yr mortgage averages 4%, up 2 bps from last week. A statement from Freddie's top economist - Frank Nothaft - saying that "extraordinarily" low mortgage may provide a boost to housing activity would be a little more heartwarming if it wasn't just different wording of the same refrain that has been heard from govt. economists for over a year.