Bankers Survey Shows That Longer Loans Will Continue for Buyers

Summary


Interest rates will climb and mortgages will get longer in 2006,according to projections made by the California Association of MortgageBrokers.

In its annual Mortgage Forecast, the group also predicts that homeprices will stabilize without having much of an effect on affordability.

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Extract


Bankers Survey Shows That Longer Loans Will Continue for Buyers

The forecast was compiled in November when the group surveyed 300 of itsmembers around California. CAMB's president said the news should not alarm...

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