MBA's Economic Forecast

Find the Mortgage Bankers Association's forecast on their site, saying 2005 will be the third biggest year in mortgage production behind 2002 and 2003. Long-term interest rates are predicted to increase to 6.25 percent for 30-year fixed interest rates by 2007, still low compared to more recent history. Home prices are expected to increase in the more moderate ranges of 5-7% compared to much higher gains in 2004.