Lessons From 1994 on Rates and Housing

The surge in U.S. Treasury yields this year has led to a lot of debate about the potential impact that this will have the housing industry and on home values as mortgage rates are pulled up. 

The arguments are roughly divided between two anecdotal conclusions. The glass-half-full logic is that housing will strengthen, as rising rates will cause people to accelerate their purchase of homes before debt costs and home prices rise further. The glass-half-empty view is that the concurrent rise in prices and debt-carry costs will cause potential buyers to punt or simply not qualify, causing home prices and transactions to decrease again....620 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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