Wednesday, May 24, 2006

May Economic Outlook Report Lowers Expectations

May Economic Outlook Report Lowers Expectations

Last month we ended our report on Freddie Mac's April Economic Outlook with the statement that "Freddie Mac's April Economic Outlook deviates only slightly from predictions in earlier months; the housing market is slowing but certainly not screeching to a halt."

May's report which was issued this week paints a slightly less optimistic picture.

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