National Mortgage News: Rate Hike's Housing Impact? Balance of Wages, Home Prices is Key
It is likely that home prices will decline as a result of the recent increase, and that could hurt the sales market, goes the prevailing argument.
But some mortgage industry optimists see a prospect for greater momentum in sales.
Who will be right? The answer could turn on whose assumptions about the direction of prices and wages, and the balance between the two, are correct.