The housing recovery is in for a major pause due to higher mortgage rates. It is not in the numbers now, and it won’t be for a few months, but it is coming, according to one noted analyst. The market has seen rising rates before, but never so far so fast; there is no precedent for a 45 percent spike in just six weeks.
- Fed’s Tapering to Aim at Ensuring US Housing Recovery: Economy – Bloomberg (bloomberg.com)
- Why Surging Mortgage Rates Won’t End The US Housing Recovery (businessinsider.com)