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2007 Mortgage Home Loans Interest Rates

Ahorre Tiempo y Dinero

Mortgage Originations Projected to Drop Through 2008 - Fewer mortgages will be written in 2007 because of higher interest rates and a slowing housing market, predicts the Mortgage Bankers Association.

The Washington, D.C. based trade group says it expects the total value of new mortgages and refinanced mortgages to drop 5% this year to $2.39 trillion from $2.51 trillion in 2006. The association projected a further drop of 4% to $2.29 trillion in 2008 as fewer home owners refinance their mortgage.

Mortgage originations had already declined 17% in 2006 from more than $3 trillion in 2005, a near-record year.

Hipotecas Prestamos January 9, 2007 08:36 PM