How Will Current Home Mortgage Interest Rates Affect the Housing Market ?
Get Today’s Quote: Current Mortgage Home Interest Rates Now. Driven by the current low mortgage interest rates on homes, the housing market has been booming. Will the current mortgage home loan interest rates rise again any time soon? Will the housing market collapse? Well, no. Past recent years turned out to be some of the best years for real estate and the housing market on record in large part due to mortgage interest rates. Current house sales of existing units were 5.8 percent higher in 2003 than they were in 2002, according to the National Association of Realtors. New construction sales set a record in 2003 also, rising 8.2 percent above the 2002 sales level. David Lereah, chief economist for the NAR, predicted that 2004 would be the third best year ever for housing. This is obviously great news. Apply for a loan or request quote now. Mortgage interest rates on homes currently have helped fuel a strong housing market at a time when the economy has been trying to struggle through
