Mortgage loan discussion
Although mortgage interest rates are very low, demand for new homes is not expected to increase much in the coming year. Many housing experts do not expect the building industry to pick up until 2010. Some analysts think that a recovery is dependent upon government programs and policies to encourage qualified consumers to start buying again. The National Association of Home Builders, for example, is pushing for increased tax credits and a reduction in mortgage rates for consumers buying a home in 2009. Home building is just one industry expecting a slow 2009.