The housing market could stand a bump higher in rates without a major setback, says David...

|By:, SA News Editor

The housing market could stand a bump higher in rates without a major setback, says David Stevens, president and CEO of the Mortgage Bankers Association. We haven't much to worry about now, as this week mortgage rates headed lower after rising to their highest levels in nearly seven months. But as the market improves, it can easily withstand a 4% rate, Stevens says, "which is what we forecast for year end."