Hate To Burst Your Bubble, But No One Really Knows What 5% Mortgage Rates Will Mean For Real Estate

In mid-April, average mortgage rates surpassed 5% for the first time in about a decade — and they are expected to increase further as the Federal Reserve increases interest rates this year in an effort to put a lid on inflation.

Higher rates will cut into demand for housing, experts agree, but there is less agreement on whether that means a hard landing for the housing market — a 2008-style bubble pop, that is — or merely some cooling of the market`s recent fever pitch...
   ...more

RSK: Will be a moderate slow down just like when gas prices rise people initially drive less, but then they get used to it and drive and consume the same amount of gas.