Possible Effect of Rising Mortgage Rates on Economy

Rising mortgage rates of late are giving scare to would-be homebuyers. Rates that were sitting at historic lows a few weeks ago are now skyrocketing upward. A tick down here and there in between jumps, but overall, those record low rates seem to be history now.

We've been seeing a slow and steady recovery according to analysts, and now rising mortgage rates may cause the economy to backfire. Matt Markham explains in this report…

What do you think? Will rising mortgage rates cause a backfire in the economy, or are rising mortgage rates actually good for the economy? We'd love to hear your opinion. Just chime in using the comment box below.