1. Mortgage rates are not going up. The 30-year fixed will average 3.75 percent next year.
2. The Federal Reserve will not raise short-term rates at all in 2016.
3. Orange County’s residential home sales volume will drop by 5 percent compared with 2015.
4. Median Orange County home prices will drop by 1 percent from this year’s $604,000. Lower-end sales will increase, but the higher end will subside.
By Harrison K. Long. Source of information and predictions is an article at OCRegister.com by Jeff Lazerson, mortgage broker, on Dec. 27, 2015.