Low Mortgage Rates May Not Be Enough in 2012

By Kerri Panchuk

Mortgage rates are expected to remain near historical lows through 2012, but the impact on home purchasing activity remains unknown until Americans see how the larger economy fares.

Doug Duncan, chief economist with Fannie Mae, said positive indicators in the past few months, including employment growth at the end of the year, would have to continue to improve before home purchasers feel comfortable jumping into the market for a new home.

Read the full story on HousingWire.com.

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