Inflation keeping house prices high, even with rising mortgage rates

By | January 22, 2022

“It’ll [inflation] keep them positive. I don’t expect to see 18% in price appreciation. That’s a function of all the stimulus that was in the economy and the urge to move away from the virus,” Doug Duncan, chief economist at Fannie Mae told Yahoo Finance. “But we do expect house prices to be positive.”

Some homebuyers have been waiting on the sidelines hoping for a cool-off in the housing market. For over a year they were hearing that those rock-bottom mortgage rates were fueling massive demand, driving prices higher.

Full article at: Yahoo! Finance

Author: MS Editorial Team

MortgageSpeak unites the news and press releases impacting the mortgage industry. Follow us: