In recent months, there has been a noticeable increase in mortgage rates, sparking concern about the potential impact on the housing market. Despite initial fears that this spike would dampen housing demand, data has shown a surprising resilience in the market.
Key points:
– Mortgage rates have seen a significant increase in recent months
– Initial concerns about a decrease in housing demand due to higher rates
– Data indicates a surprising resilience in the housing market
– Continued monitoring of the situation is necessary to assess any long-term effects on the industry
You can read this full article at: https://www.housingwire.com/articles/how-mortgage-rates-affect-housing-demand/(subscription required)
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