Mortgage rates have increased. Should home buyers be concerned? Not so much. And here’s why:
Rates are still low. Mortgage rates remain low by historical standards. Just ask anyone who purchased a home in the early 1980s!
The housing recovery continues. One worry in a time of rising interest rates is that the housing recovery will lose steam. The most recent housing reports show continued improvement.
Affordability remains great. In most areas of the country, buying still beats renting!