Many economists predict that the economy will turn itself around in 2009, a major change is expected by mid year as many are optimistic now that the feds have drastically cut the fed rate, causing mortgage rates to fall at an all time low. With 30 yr fixed rates going to high 4% and the 5/1 Adjustable Rate Mortgage at mid 4%, home sales are expected to rise faster than ever and foreclosures are supposed to start going away.
