Morning Minute: NAR looks at the impact of higher mortgage rates and affordability

Mortgage rates have moved higher following the election and if the trend continues, what will it mean for potential homebuyers and housing affordability? Buyers in areas of the country with higher home prices or those puting down smaller down payments are likely to notice the impact of higher interest rates first, but “the typical family budget will be able to handle this rate increase,” writes National Association of REALTORS® (NAR) Economist Danielle Hale. Read the full article, “How Recent Mortgage Rate Increases Affect Housing Affordability,” from NAR.

In other headlines:

Post-election Prescription: Stay Calm and Keep Buying Homes – Realtor.com

5 big real-estate trends to watch in 2017 – MarketWatch

Strong FHA annual report stirs up calls for mortgage insurance premium cut – HousingWire

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