Tag Archives: Rising rates fail to spoil the housing parade

So you thought rising mortgage rates would undermine the housing recovery? Think again. A new survey of 1,000 consumers found a majority still believe it’s a good time to buy a home, despite rising mortgage rates and escalating home prices. At least that’s the conclusion Fannie Mae reached after conducting its July 2013 National Housing Survey. The number of respondents who said interest rates will rise in the next year shot up 5 percentage points from the June survey, with 62% of participants expecting higher rates. Still, the higher rates […]