Buyers are out in groves. They are trying to beat 2 deadlines. One, the tax credit comes to a halt April 30th and the possibility of rates going up after the FEDS stop backing mortgages in March.
Here are the latest predictions:
HSH & Associates: rates will nudge closer to 6% than 5%
Moody's Economy.com: 6 percent that sounds about right
Washington Post: 6 percent by the end of 2010
Barry Habib of Mortgage Market Guide: It could be as high as 6.5%
Morgan Stanley:7.5 percent to 8 percent
William E. Wood and Associates