Low Mortgage Rates May Not Be Enough in 2012

Before you go, we thought you'd like these...
Before you go close icon


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.

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.
See celebrity real estate.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners