While interest rates are always a topic of conversation in the housing and mortgage markets, everyone was talking about them last week. That tends to happen when the average 30yr fixed rate threatens to break into the high 3% range after a long absence. But just as quickly as the good times started to roll, rates bounced higher this week. Let’s take a look at the effects.
Source: Kevin Litwicki Universal Lending
After Massive Response Last Week, Are Low Rates Already Gone?