Economic growth in Texas this year will exceed the national average, while Louisiana will see economic growth that lags the average rate, Fannie Mae chief economist David Berson said at a mortgage conference in Baton Rouge, La., sponsored by Hibernia National Bank.In Texas, Mr. Berson said Dallas may see more sluggish growth than other markets because of its reliance on the telecommunications industry. Nationwide, Mr. Berson said he expects 2004 to be another strong year for home sales, though he said refinancing may diminish substantially. By the end of this year, rates may rise to 6.5% on 30-year mortgage loans, he said.
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