Rising Mortgage Rates: Homebuyers Are More Resilient Than You Might Think
Regan Hagestad
January 3, 2017
The average 30-year fixed-rate mortgage is hovering around 4.16 percent, while the Federal Reserve has raised the federal funds rate for the first time in a year, and only the second time this decade. How does this affect homebuyers? Redfin predicts that rates won’t average above 4.3 percent in 2017. But what if rates were to continue to rise? Very
