Why Are Rising Incomes Good for the Housing Market?
Regan Hagestad
September 19, 2016
Mortgage rates are on the rise, with Freddie Mac reporting this past week that a 30-year, fixed-rate loan averaged 3.50 percent, up from 3.44 percent the previous week. Meanwhile, rates were 3.91 last year during this same time. However, according to the Census Bureau, which released its annual report on Income and Poverty in the United States this past week, the median household
