Here are the 2010 Mortgage Projections from the Mortgage Bankers Association as well as some comments from T.R. Pierce, Mortgage Broker from the Bank of Jackson Hole.
MORTGAGE BANKERS ASSOCIATION: 2010 MORTGAGE FINANCE FORECAST
Attached please find the Mortgage Bankers Association's 2010 Mortgage Finance Forecast. Existing home sales are projected to increase the second and fourth quarters of this year... while mortgage applications are projected to decrease in the fourth quarter!
An important forecast is for interest rates... note that they are projecting interest rates to start increasing in the second quarter and to increase up to about 6.00% (thirty year fixed) by the end of the year.
Clearly NOW is a great time for your buyers to purchase a home while interest rates and home prices are lower!
Please feel free to call me should you have any questions regarding this information.
I have had a heck of a time trying to make this a clear image...If you would like me to email this to you, please let me know.
T. R. Pierce
Bank of Jackson Hole