Home loans most likely to fall by over 6% over the next year.
Monday, September 03 2007 @ 12:53 PM Eastern Daylight Time Contributed by: Admin
Rising mortgage rates will have an impact in housing as the growth has fallen from 29% in 2005-2006 to 26.6% in 2006-2007. There is a worry that housing will slow further, down to the 20% range over the next year. These rising rates has sparked a 60% drop in Real Estate sales.
For more information check out the article at livemint.com.
