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Home Buyers Not Scared by Mortgage Rate Hikes
Date:7/19/2013

Twin Cities, Minnesota (PRWEB) July 19, 2013

Mortgage rate hikes surface questions as to the future of our current housing market boom; however, RE/MAX Results finds Twin Cities housing market activity remains strong, as reported in Latest Twin Cities Housing Data Show Big Improvement.

Twin Cities home buyers can appreciate that today's unique opportunities to buy a home at low interest rates may be limited. However, higher mortgage rates hikes historically haven't diminished home sales when people have another reason to buy, says Jenna Thuening, owner of Home Destination. "I find buyers are more confident in the real estate market and that believe our economy is on the mend. They perceive that rates are not going to stay at 3.5 percent indefinitely, and therefore make a decision to buy a house now."

The Motley Fool commented on the impact of interest rate hikes on home buyers. "While low interest rates are often the catalyst for heavy refinancing activity, a major factor impacting purchase activity can often be less-quantitative: optimism". Twin Cities home investors require more that base assumptions. Housing investment advisers at Motley Fool state that, "human nature kicks when the expectation for prices to dramatically rises an
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