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Rates on 30-Year Mortgages Climb
WASHINGTON - Rates on 30-year mortgages rose this week to the highest level in 2 1/2 years as financial markets began to worry more about inflation. Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.43 percent this week, up from 6.35 percent last week. The increase meant that rates surpassed the previous 2006 high of 6.37 percent set in early March and climbed to the highest level since the 30-year mortgage was at 6.44 percent the week of Sept. 5, 2003.

Economy Offsets Slide in Housing: PMI Report Evaluates Risk for Falling Home Prices Across Nation
Apr. 8--Strong economic conditions are cushioning America's housing market as it descends, erratically, from great heights, new industry research shows. Even so, 48 of the country's top 50 metro areas, including Milwaukee, risk a price downturn as the housing boom fades, PMI Group Inc., a Walnut Creek, Calif.-based mortgage insurer, reported this week. The likelihood of seeing a decline in home prices over the next two years is 10% for Milwaukee, 15% for Chicago, 42% for Fort Lauderdale, 48% for Boston and 60% for riskiest-of-all San Diego.

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