Marketplace®

Daily business news and economic stories

Slowly rising rates shouldn’t hurt housing market

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 […]

Slowly rising rates shouldn’t hurt housing market
NICHOLAS KAMM/AFP/Getty Images

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.  

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    11 hours ago
    25:19
  • Make Me Smart
    16 hours ago
    19:00
  • Marketplace Morning Report
    19 hours ago
    6:55
  • Marketplace Tech
    a day ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45