How Rising Mortgage Rates Are Benefiting The Housing Market
A paradox is occurring which may actually mean that the housing market benefits from rising mortgage rates, albeit unexpectedly. The demand for mortgages appears to be rising along with mortgage rates, which is not the regular progression of things. Experts say this is happening for two reasons: the rush to lock in current interest rates by homeowners, and the fact that there is a lot of opportunity in the pursuance of purchase-money mortgages by lenders. This paradox offers much in the way of good news for the housing market, as it shows support for the continuing increase in the sale of homes.