I was reading today that Fannie Mae has looked into their crystal ball. They note that we have the following positive trends:
• Washington seems to be slowly getting their act together. (That is writing fewer checks)
• The Fed is likely to continue to support the economy.
• They expect mortgage rates to remain relatively low over the next few years "rising to no more than 4.2% by the end of 2014.
• They expect growth of about 2% per year.
• Foreclosures are declining.
• Housing starts should rise 23% in 2013
All this doesn't spell boom time, but in my opinion it is a positive environment to buy a home. Call us if we can help at (615) 777-4663.
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