Faculty Publications

Mortgage Rates Set to Rise, Adding Frenzy to Real Estate Market

Brian O'Connell, Main Street

Abstract

A highly positive October jobs report, with 271,000 new jobs created, shows the U.S. economy picking up speed, and that can mean good or bad news for the residential real estate market, depending on whether you're a seller or a buyer.

Realtor.com estimates the strong employment report will boost U.S. home sales activity and will also hike U.S. mortgage rates above 4%.