8:00am

Sat May 28, 2011
Business

Can Low Rates Spark A Hot Housing Summer?

In recent days, home mortgage interest rates have ticked up very slightly but are still quite low, well below 5 percent. This spring's low rates have helped boost mortgage applications, both for refinancing and purchases. NPR's Chris Arnold reports on the outlook for the housing sector this summer, and the industry's one bright spot: cheap mortgages.