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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (124)	9/8/2005 9:45:04 PM
From: Wade	Read Replies (1) of 78419

Is this for real this time? What is he saying? news.yahoo.com WASHINGTON (Reuters) - Average U.S. interest rates on 30-year mortgages were unchanged in the latest week, but mortgage finance company Freddie Mac said on Thursday that housing growth could slow in the near-term as the impact of Hurricane Katrina ripples throughout the industry. "We expect that near-term growth will now be a bit weaker than had been anticipated, due in very large part to the disruption in economic activity brought on by Katrina last week," Frank Nothaft, vice president and chief economist at Freddie Mac, said in a statement. "However, the federal monies that will flow into the damaged areas and the lower interest rates brought on by the disaster will stimulate economic growth next year, making up for the slowdown in the last part of this year," he said.

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