Rising rates could push more buyers to purchase now | Waccabuc Real Estate

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The increase in mortgage rates, a reaction to the improving economy and housing markets, could fuel already hot housing markets as potential home buyers look to seal a deal before rates rise any further, writes the Los Angeles Times.
Christopher Thornberg, head of the West L.A. consulting firm Beacon Economics, said the increases might add as much as 1 percentage point to mortgage rates by the end of next year. He said:
“I think rates will drift slowly higher. But within these ranges, home prices are still cheap compared to incomes and apartments.”


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