Posted by Charm_AL on 5/4/05 10:12am
Msg #35741

Greenspan...

raises the short term interest rate a quarter point to 3%. Longer term mortgages are still below 5% for 15 yr loans and just over 5 for 30 year fixed and isn't that actually lower than this time late last year? I find it strange that it has continues to remain low. Anybody else? In March there was a 17.6% decline in new home construction, largest drop in 14 years. Maybe it's because of the anxiety we feel about the 'housing bubble market'.
They say though that inflation can be kept under control.
It's been very slow for me this month, I hope it picks up, Spring is here, people should be wanting to cash-out for remodeling projects...