|Can Rising Interest Rates Push Selling Prices Down?|
WITH EACH QUARTER OF A PERCENT INCREASE IN INTEREST RATE, THE VALUE OF A HOME DECREASES BY 2.5%… (IN THIS EXAMPLE, $6,250).
Fannie Mae… The U.S. economy will continue to grow-though at a “modest” rate-through the end of this year and into 2017, with President-Elect Trump’s proposed policies prompting Fannie Mae to issue a fair forecast in its recently released November 2016 Economic and Housing Outlook. Notably, the Outlook predicts shrinking housing affordability, especially if mortgage rates follow their post-election surge.
Coldwell Banker Sky Ridge Realty, Lake Arrowhead CA, 92352-1089 Since 1982.