FHFA Lockhart: Housing Market Bouncing Along Bottom -Fox Business
July 30 2009 - 11:43AM
Dow Jones News
The U.S. housing market is starting to "bounce along the
bottom," the director of the Federal Housing Finance Agency, James
Lockhart, said Thursday. Speaking in a interview with the Fox
Business Network, he said that the FHFA's index, which reflect the
book of business of Fannie Mae (FNM) and Freddie Mac (FRE), is up
0.3% in the past three months. This stabilization of the market,
along with lower mortgage rates and lower house prices, could
inspire some of the people on the sidelines to start to buy. "That
would really help the market," he said.
Web site: www.foxbusiness.com
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