The 1 Reason I Don't Think We're Headed for a Housing-Market Crash
It's hardly a secret that mortgage rates have been on a steady ascent since the start of the year. And over the past month, they've risen sharply.
For context, the average 30-year mortgage rate sat at well under 4% for all of 2021. In the past 3 1/2 months, it's gone from sub 4% to over 5%. And there's reason to believe mortgage rates will keep rising this year.
The Federal Reserve has plans to raise its federal funds rate several times in 2022. While the Fed isn't tasked with setting mortgage rates (or any consumer borrowing rates, for that matter), its actions tend to influence them.
Source Fool.com
