Slowly rising rates shouldn’t hurt housing market

Mark Garrison Dec 16, 2016
HTML EMBED:
COPY
NICHOLAS KAMM/AFP/Getty Images

Slowly rising rates shouldn’t hurt housing market

Mark Garrison Dec 16, 2016
NICHOLAS KAMM/AFP/Getty Images
HTML EMBED:
COPY

New data out this week show the average 30-year fixed mortgage at 4.16 percent. That’s a 2016 high, and is set to keep rising with the Fed promising more interest rate hikes. That means home buying is getting more expensive just ahead of the important spring selling season. But the economy is strengthening overall, which should be good for the housing market. 

Click the above audio player to hear the full story.  

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.