30 Year Mortgage Jumps 73 Basis Points in 5 Weeks
forecast (as of 07/14/03) for 2003 through 2005 support our conclusions: 1. Rates will rise! 2. Mortgage originations will decline! - Overall, they project a decline of 46% in 2004 and a decline of 30% in 2005. 3. Refinance activity will plunge! - A drop of 66% in 2004, followed by another drop of 65% in 2005. MBA Forecast Highlights 30-Year Fixed Rate 2003 5.70% 2004 5.90% 2005 6.50%
Comments(0)
I think their predictions are gonna come a bit early. Like today