roomvu logo
PricingFree Trial

Experts believe upcoming rate-hike has low impact on mortgage rates.

Seattle, Portland, San Francisco
Publish Date

Interest rates have reversed course, with the 30-yr fixed-rate mortgage ↑ to an avg of 5.23% following a 3-week decline.The housing market is incredibly rate sensitive, so as mortgage rates increase suddenly, demand pulls back. The material decline in purchase activity combined with the rising supply will cause a deceleration in price growth to more normal levels. Experts believe that the upcoming rate-hike will likely have a smaller impact on mortgage rates.

Market Update

Sign up

Los Angeles, San Diego, Central Coast, New York, New Jersey, North Carolina, Colorado, Miami, Tampa, Orlando, Charlotte, Raleigh, USA, California, Sacramento, Texas, Austin, Houston, Dallas, San Antonio, Illinois, Chicago, Atlanta, Florida, Nevada, Washington D.C., Minnesota, Minneapolis, Ohio, Pennsylvania, Arizona, Philadelphia, Maryland, Massachusetts, Connecticut, Indiana, South Carolina, Virginia, Missouri, Hawaii, Arkansas, Georgia