AgentIndustry News

Housing still far from hitting bottom

Mortgage market commentary
Published on Dec 15, 2006

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Good economic news all week long had mortgage rates headed for an up-side blowout until rescued by today's word of zero change in November's Consumer Price Index. Do not be misled: for long-term mortgage rates to hold near 6 percent -- let alone decline further -- the economy has to sink, and that is not what it is doing.