Is the ‘Trump Tantrum’ mortgage rate spike driving buyer urgency?

Historically low mortgage rates have been the spoonful of sugar helping buyers swallow steep home prices, bidding wars and scant affordable housing this year. Then, in a fever pitch, rates jumped after the election — and the latest from the Mortgage Bankers Association tell us the 30-year FRM spiked to 3.95 percent, from 3.77 percent. Some agents are seeing consumers to reacting with a since of urgency in the immediate aftermath …

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