Proof the housing market can survive a Fed interest rate hike

The reason behind the drop in mortgage apps

Although mortgage applications significantly tumbled this week, the Federal Reserve’srecent interest rate hike is not to blame, according to a new report from Capital Economics. 

Capital Economics originally forecasted back in December that the housing market could withstand a rate hike, with this new Mortgage Bankers Association report giving early evidence that it was right.  Click Here to Read The Full Article!