The Effects of Higher Rates on South Bay Real Estate
Regan Hagestad
July 9, 2013
On Friday, July 5th, mortgage markets reached another multi-year high for 30-year-fixed mortgages. This recent series of dramatic rises in mortgage rates will affect the market in numerous ways. Of course, mortgage applications will decline and refinancing is slowing down as rates rise, but the affordability of homes is also very different when interest rates go up even one full
