As Mortgage Rates Increase, Will Home Prices Decrease?

buyer looking at mortgage rates

As of December 8, mortgage rates have climbed to 4.13%¬†for a 30-year fixed-rate mortgage. With the recent increase in interest rates, many people assume that home prices will¬†decrease. After all, if fewer people are able to purchase a house due to higher mortgage rates, then the demand for homes (and therefore the price) should decrease. […]