by Mark Palim Vice President, Economic and Strategic Research
It has been a year since mortgage rates reached a post-crisis low of 3.35 percent at the beginning of May 2013. Mortgage rates then rose steadily through the summer of 2013, reaching 4.57 percent in September 2013. More recently, rates have oscillated in a relatively narrow range down to 4.10 percent.
In July 2013, we wrote an FM Commentary about the impact of rising mortgage rates on the housing recovery. Were we right in our July 2013 assessment? ...Read more »