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Real Estate Rebound Expected in 2007

Started by bnix · 1 year ago

Doug Duncan, chief economist for the Mortgage Bankers Association, expects the 30-year mortgage rate to hover around 6.5 percent for the remainder of the year, but climb to 6.8 percent by the end of 2008.

Duncan is "optimistic about a rebound" in the housing market next year, citing still-low long-term interest rates, robust capital ... Continue reading »

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