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The Fed has finally hiked rates. What’s next for the mortgage market?

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Mortgage Professional America | 15 Dec 2016, 08:15 AM Agree 0
As expected, the Fed finally hiked the benchmark interest rate. But although rate hikes usually mean increasing mortgage rates, one industry leader is counseling calm
  • NoSpin JustFacts | | 15 Dec 2016, 12:21 PM Agree 0
    What data is author pulling from that validate prevalent rising incomes to maintain affordability with raising home prices and rising rates?
  • commonsense | | 15 Dec 2016, 01:53 PM Agree 0
    Take a look at history as your guide. In early inflationary stages and rate increases, home prices follow suit and rise along with rates. Rising rates are occurring based on economic growth, not Fed double-speak. There's a long way to go before rates rise to the point where it will hinder prices, and this is still very early in the cycle.

    Many have amnesia and cannot recall that even 10-15 years ago we had rates from 6-8% which were considered normal. Not a chance this .5% rise will stifle prices, and ultimately will result in higher prices as fence-sitters realize the super low rates are history.
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