Will the Spike in Interest Rates Hurt?

There’s no denying the fact that as rates go higher, shoppers have less to spend. For now, the threat of higher rates could be good for the housing market, spurring people to buy before rates go up more.

There’s been some good news in the housing market recently, with prices and sales picking up. But there’s a fly in the ointment as well — mortgage rates are rising. Read the full article from MainStreet................. http://www.mainstreet.com/article/real-estate/buying/will-mortgage-spike-hurt