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Rising Prices, Rates Could Force Some Buyers off Fence

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Tim Rood wrote an interesting post today on
Here’s a quick excerpt
Americans participating in Fannie Mae’s
National Housing Survey were apparently not caught unawares by the
recent spike in mortgage interest rates. The share of those
participating in the June round of questions who expected loan rates
to increase over the next 12 months shot up 11 percentage points from
the May survey to 57 percent, the highest level in the survey’s three
year history. The number of respondents who expect home prices to
continue their upward momentum also hit a survey high of 57 percent,
up two percentage points from the previous survey. Respondents
slightly moderated their expectations for the degree of price changes
over the next month from 3.9 percent to 3.8 percent.

…(read more)
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Read the rest of this great post here


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