Little Impact on Home Purchases From Rising Rates

A pair of reports suggest that sales of single-family properties this year are not likely to be impacted much from the rising trend for interest rates.

Over the past four months, mortgage rates have increased by 50 basis points — with the average for the week ended Feb. 8 reported at 4.32 percent.

But research indicates that when the underlying economy is strong, increases of a least 100 BPS in mortgage rates have had little impact on home purchases.

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From:: Financing