Story Idea – What do rising interest rates mean for consumers?
Mortgage rates are currently sitting at their highest level in two years, with 30-year fixed-rate mortgages averaging 4.32 percent and 15-year mortgages averaging 3.55 percent. Rising mortgage rates continue to be a concern when it comes to home sales and affordability; however, rising rates tend to indicate a strong economy – and strong economies are good for housing.
Interest rates are still historically low, compared to 6.14 percent for a 30-year mortgage in… Read More
Source: REALTOR News