Several reports on home sales and prices were fairly strong this week, suggesting the housing market continues making steady progress. But rising rates force us to question how long the good times can keep rolling.
Source: Kevin Litwicki Universal Lending
Rising Rates Rain on Housing Data Parade

This week, a report from Fannie Mae suggests the housing market is losing momentum due to declines in single family construction spending and the prospect of higher interest rates in the future. Whether or not this should be troubling is a matter of perspective.
Source: Kevin Litwicki Universal Lending
Housing and Rates in Trouble? It Depends

Every Thursday, Freddie Mac releases its weekly mortgage rate survey. It’s subsequently used as an authoritative primary source for most major media outlets. That’s not usually a problem, but this week could be an exception.
Source: Kevin Litwicki Universal Lending
Don't Believe Everything You Read About Mortgage Rates

While the week played host to several developments worthy of the market’s attention, the notion of a European ‘taper tantrum’ was the driving force behind the year’s biggest spike in mortgage rates.
Source: Kevin Litwicki Universal Lending
What's Behind The Year's Biggest Spike in Mortgage Rates?