"Given the weakness in global economies, mortgage rates are likely to stay low for the near future, said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate. That should help spur home sales by making housing more affordable, he said. "There is very low probability of rising mortgage rates in the very near future," he said. However, those predictions came before the most recent drop-off in mortgage rates amid increasing concerns with economies abroad. Although the U.S. economy appears to be strengthening, Asia and Europe have been struggling with lackluster growth. "It is very difficult to conjure up a scenario of 5% any time this calendar year," Gabriel said..."
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01/18/2015
LA Times: "Falling Mortgage Rates Spur Surge In Home Loan Applications"
About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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