Higher mortgage rates won't hurt recovery, Fannie finds

Posted by Bonnie Martin Designated Broker on Saturday, July 20th, 2013 at 2:05pm.


money.cnn.com - If history is any indication, the recent spike in mortgage rates is going to have little to no impact on home prices, according to a new report from Fannie Mae.

After looking at mortgage rates going back to 1990, Fannie Mae's researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on home prices.

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