Real Estate Industry Reacts To Federal Rate Hike
According to NAR Chief Economist Lawrence Yun, “The longer-term interest rates, like the 30-year fixed mortgages rate, will therefore be nudged higher in 2018. Economic stimulus will help with job creation and housing demand, but higher interest rates threaten to cut into housing affordability in 2018.” https://www.inman.com/2017/12/13/real-estate-industry-reacts-to-fed-rate-hike/