what are the experts saying about mortgage rates: What Are the Experts Saying about Mortgage Rates? - 03/24/17 04:18 AM

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:
Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy Center:
“In 1984, 1994, 2000, and 2013, every time we have rate increases, we have increases in nominal home prices. We expect this to be more pronounced, as there is a big demand-and-supply gap at the present time.”
Scott Anderson, Chief Economist for Bank of the West:
“The tightening labor market, rising wage growth, high levels of consumer confidence and a … (0 comments)

 
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Tony Morganti

CRS, ABR, SRES - Cuyahoga Falls, Stow

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