Rising Rates Won’t Hurt Home Prices at First
San Francisco Chronicle, Nov. 23, 2015–Pender, Kathleen
A one-time increase that small would have a negligible impact on mortgage rates and housing prices. Long-term rates don’t always respond to changes in short-term ones, although they tend to move in the same direction. The Mortgage Bankers Association expects rates to rise by 0.8 percentage point and home price appreciation to slow to 4 percent next year from 5.1 percent this year.
