On the back of the Fed raising interest rates because of an improved economic outlook, mortgage rates have spiked to 4% — above the multi-decade lows we’ve become familiar with. But does this mean housing markets are on the up and up as well?
In the video below, Motley Fool analysts Gaby Lapera and Nathan Hamilton, discuss the reality behind predicting economic growth in the short-term and what it means for homeowners. Visit the Fool’s mortgage website to learn more about mortgages.