30-yr. fixed mortgages soar to 6.63% this week from 6.26% one week ago. Freddie Mac VP Frank...

|By:, SA News Editor

30-yr. fixed mortgages soar to 6.63% this week from 6.26% one week ago. Freddie Mac VP Frank Nothaft blames the jump on inflation concerns and housing weakness. He forgets to mention market fears Freddie and Fannie might curb their buying.