Lower rates have helped bolster demand in the past, but now it may have a life of its own
By Andrea Riquier | MarketWatch
How will the housing market handle rising rates?
Ever since the November election, when the unexpected Trump victory sent bond yields flying and mortgage rates following closely behind, analysts have been preoccupied with that question. From overly cautious lending standards to extremely tight inventory, the housing market has plenty of challenges, and any additional constraint won’t help.
But new data from Black Knight Financial Services suggests that demand might be resilient enough to withstand higher borrowing costs in 2017.
