Mortgage Rates - Quotes from Freddie Mac and National Association of Realtors (NAR) President
"The national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 6.16 percent in the last week, down from an average of 6.29 percent in February. The 30-year fixed was 6.22 percent in January, and 6.25 percent in February 2006." Freddie Mac, Weekly Primary Mortgage Market Survey, March 22, 2007. Prices:
"Overall, home prices should rise slowly this year, and many buyers have an opportunity now that was only a dream during the five-year boom. NAR President Pat Vredevoogd Combs, Realty Times, "Existing Home Sales Show Surprising Gain. Will It Last?" March 26,2007.