Mortgage Rates
as of April 14:
30 Year Fixed: 6.49%
15 Year Fixed: 6.14%
1 Year Adj: 5.61%
According to the National Association of Realtors (NAR), home sales should level out and remain at historically high levels in 2006. Existing-home sales will drop 6 percent to 6.65 million from a record 7.08 million in 2005. New-home sales will fall 10.9 percent to 1.14 million from the record 1.28 million last year. Both sectors would see the third-best year following 2005 and 2004. For more information on NAR economic forecast data, go to
http://www.realtor.org/PublicAffairsWeb.nsf/Pages/ HousingForecastApril06.
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