mgte rates starting up in the US---CNBC reported last week & reiterated this morning that some mgte rates are going up & poised the question....how is this going to affect the housing mkt. (IMO..whether new, used)
---I bet housing starts may spike down while sales may spike up as people race to lock in rates, but that only pulls sales forward from the next quarter.
---after this knee-jerk reaction housing starts, sales etc. will slowly continue on the upswing as the new reality sets in. Buying opportunity.
carlos