The Mortgage Bankers Association posted a story in their recent newsletter showing strong hopes by The National Association of Home Builders for 2012:

"Freddie Mac  (FMCC) Chief Economist Frank Nothaft, who also issued a housing outlook at the NAHB conference, expects total home sales to grow between 2% and 5% this year, thanks in part to still-low mortgage interest rates. He anticipates the average rate on a 30-year mortgage will remain below 5% this year.

Many economists are expecting a brighter year for housing, citing positive economic data recently. The nation's gross domestic product expanded slightly last year. The U.S. has been steadily adding more jobs. And the national jobless rate has fallen from 9% as recently as September to 8.3% last month."

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