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[12 Mar 2011 | One Comment | 1,680 views]
“It’s the economy, stupid”

Over the past few weeks, we’ve heard plenty of predictions calling for a recovering housing market throughout 2011.
What’s noteworthy is that we’ve got some groups other than the expected ones expecting to see improvement this year. The national Mortgage Bankers Association, for example, expects to see a slight increase in purchase originations this year even though the group anticipates a drop in overall mortgages due to fewer people refinancing as the interest rates on a 30-year mortgage go from current levels of under 5 percent to close to 6 …