January 3rd, 2012 
davidguide Negative equity, weak credit and unemployment are standing in the way of many prospective homebuyers who would like to take advantage of today’s historic mortgage rates. While most economists don’t have a bright outlook for 2012, at least one believes the market is poised to rebound. Thirty-year mortgages fell below 4 percent for the first time on record during 2011, and the 30 year isn’t expected to exceed 4.5 percent this year. While the attractive rates are driving homeowners to refinance in droves, the purchase market slump could linger another five years.
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