03/11/2017
Factoid: 1% increase in interest rates requires a 12% raise in salary (see: http://ochousingnews.com/rising-mortgage-interest-rates-repel-first-time-homebuyers/)
Rising mortgage interest rates caused an alarming 10% decline in potential first-time homebuyers. Over the last several years, most pundits predicted mortgage interest rates would rise. With the exception of the taper tantrum, a 1% rise in mortgage rates during a six-week period in mid-2013, mortgag...