For the week ending Dec. 19, mortgage rates slightly dipped, leaving the 30-year fixed at 5.82 percent, down six points from 5.88 percent the week prior, and the 15-year average dropped to 5.14 percent from 5.24 percent one week earlier.
With rates staying below 6-percent and the economy starting to pick up, you can expect home sales to be high throughout 2004. More on that in the upcoming pre-release version of my 2004 Real Estate Forecast written for Paradise NEWS, but to be pre-released here on Blogcritics.
Information from Freddie Mac was used for this report.
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