Housing economists expect drop in 2004 - 2004-01-14
Top housing economists believe the sizzling home sales and construction industry will cool somewhat in 2004, falling slightly from last year's records.
This will be the second-best year in the housing sector ever.
Economists from the five groups said mortgage rates would rise in 2004 to as high as 6.625 percent for fixed-rate, 30-year loans, dramatically cutting back on refinance activity.
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