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Fannie Mae: Rising Interest Rates May Spur Buyers

Illustration of a person in front of a for-sale sign

Instead of putting a damper on sales, the prospect of rising interest rates will likely drive homebuyers to make a deal sooner rather than later, making for a busy summer and fall.

In its latest monthly housing survey, Fannie Mae said 57 percent of Americans expect both interest rates and home prices to rise over the next 12 months.  An even greater majority of those surveyed — 72 percent — believe now is a good time to buy a home.

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