Who's Hurt by Mortgage-Rate Jump
Stock quotes in this article:
FRE
Falling home prices could help soften the blow from rising interest rates, although high rates and low home values represent a double whammy for homeowners looking to refinance their existing loans.
Home prices are expected to continue to decline through the year, according to the National Association of Realtors, expected to recover only slightly in the first part of 2009. And that group has tended to be on the optimistic side of housing-market predictions , so it might be even longer than that.
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