There were fewer new constructed homes being built this past winter and that will have an impact on the market. Normal spring activity with existing homes will come alive after Easter. Mortgage rates will stay in the 6% plus range for a short time and slide slightly lower as we pass through the spring market. We don’t see a great change in home values this year, and mortgage rates will stay steady in the 5.5% to 6.5% range (30-year loan) for the foreseeable future.
