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Mortgage Rates Rise Again, But for How Long?

Saturday, Dec 14 2019
Lending
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While mortgage rates have trended upward over the past three months, it’s uncertain how much further they can go up without making homes look unaffordable. So reports MarketWatch.

!--more-->According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.73% in the week that ended December 12, up from 3.61% a week earlier.

Economists quoted by MarketWatch said that either incomes would have to rise or home prices would have to go down for Americans to be able to keep affording higher rates.

Read the full article from MarketWatch.

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