Freddie Mac Predicts U.S. Housing Trends in 2011 Dec 13, 2010

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Low mortgage rates will continue throughout 2011 – one of five 2011 predictions from Freddie Mac analysts, reported by the National Association of Realtors. Analysts said 30-year fixed-rate mortgages will likely stay below 5% for most or all of 2011.

Other predictions:

• Housing prices will likely touch bottom and start a slow but sustained recovery in 2011.

• There will be more housing sales in 2011, with first-time homebuyers spurred by low housing prices.

• There will be fewer 2011 refinances, with many of those eligible for refinancing having already done so. The U.S. refinance program expires Jun 30, 2011.

• Rates of mortgage delinquency will drop.

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