December becomes first month to feel impact of rising interest rates

Affordability dropped in December as rising interest rates finally took their toll on home buyers. In fact, First American’s Real House Price Index showed the first year-over year decline in consumer house buying power in over two years. http://www.housingwire.com/articles/39349-december-becomes-first-month-to-feel-impact-of-rising-interest-rates ❤️ #share #mortgage