Mortgage Bankers Predict Boom in New Mortgages for 2009
Written by on March 28th, 2009This boost is due entirely to the expected increase in mortgage refinancing activity motivated by the drop in interest rates following last week’s Federal Reserve’s announcement on the Treasury bond and mortgage -backed securities purchases … MBA projects that total existing home sales for 2009 will drop 2.5 percent from 2008 to 4.8 million units. New home sales will decline about 39 percent in 2009 from 2008 to 293000 units. Median home prices for new and existing homes …
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Mortgage Bankers Predict Boom in New Mortgages for 2009
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