5 Predictions for 2011
5 Predictions for 2011 – Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:
1. Low mortgage rates. – The central bank is expected to keep the federal funds rate at its current target range of 0 percent to 0.25% for most (or all) of 2011. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year.
2. Prices have hit bottom.
3. Housing will remain affordable.
4. Refinances will dwindle.
5. Delinquency rates will decline.