Little change expected in mortgage market in 2012

Little change expected in mortgage market in 2012

The mortgage market told a sad story throughout 2011: record low rates, but few people taking advantage of them to buy homes.

The likely scenario in the new year, according to many analysts, is more of the same. Although the Federal Reserve has pledged to keep rates low through 2013, the experts say high unemployment and home prices that are still falling in many areas provide little incentive for consumers to surge back into the housing market.

Read Story on The Seattle Times…