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COPYRIGHT 2004 FDCH e-media
Original Source: STREET SWEEP
CHRISTINE ROMANS, CNNfn ANCHOR, STREET SWEEP: With rising interest rates on the horizon, some homeowners are on edge. Mortgage rates are already heading higher, up for the sixth week in a row. The rates on the 30-year home loan now back above 6 percent. Are home prices headed for a fall? With us with some perspective on this Van Davis, CEO of Century 21 RealEstate . Welcome to the program again. Nice to see you.
VAN DAVIS, CEO, CENTURY 21: Thank you. My pleasure to be here.
ROMANS: We got, what now, six weeks now of interest rates, mortgage rates rising, 6 percent is the 30-year home loan now. Is this going to be a problem for the housing market?
DAVIS: I don`t think so. I think that the overall housing market is very strong. We had a record first quarter at Century 21. April is shaping up to be very strong and I think as long as the Fed is successful in slowly talking up interest rates and the economy continues...
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