Could Rising Mortgage Rates Spur Housing Rush?
January 3, 2011 | by John Heithaus
Mortgage rates have been rising ever since November 2010, when lows of 4.42 percent were reported. Bankrate.com recently reported a rise to 5.02 percent in 30-year fixed rate loans, which is the second time in three weeks rates have crossed the 5 percent mark–many experts say signaling the end to the 4 percent mortgage rate era.
Forecasters predict mortgage rates to hover in the 5-6 percent range in 2011.Yet, some industry experts say the rise in mortgage rates may stimulate a sluggish housing market.
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