The steady rise in mortgage interest rates has weighed moderately on mortgage applications for home purchase and total home sales. Any fresh increase in mortgage rates would take a similar toll. While this represents another reason to expect the housing recovery to slow over the next year, there is little sign that higher mortgage interest rates will derail the recovery.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services