California Survey Sees Shift in Home Financing - 2005-01-03
Mortgage interest rates will climb by less than a point in 2005, but that's enough to bolster interest in newer forms of financing to lower monthly housing payments, the California Association of Mortgage Brokers predicts.
The association in its annual forecast reports that the majority of mortgage brokers it surveyed expect mortgage rates next year to reach no higher than 6.55 percent for 30-year mortgages.
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