U.S. Credit Downgrade : Economists' Outlook

U.S. Credit Downgrade : Economists' Outlook

National Association of Realtors® (NAR) cheif economist weighs in on how the recent U.S. credit downgrade ma affect mortgage rates. My local resources tell me that we will probably stay in the 4-5% range for the remainder of 2011. Right now I am seeing locks at 4.25% and some below 4% on 15 year loans. People who buy a house this year are going to look back on what a great rate they have, thankful for the opportunity they seized.