A.M. Best Special Report: Rising Mortgage Rates Could Dampen Housing Market, Stall U.S. Title Insura
A.M. Best press release------ The U.S. title insurance market is facing an uncertain future as higher mortgage rates and the recent short-term rate hike by the Federal Reserve Bank, with further increases expected in 2017, may drive a decline in existing home sales and dampen the market for new home sales, according to an A.M. Best special report. The Best's Special Report, "Rising Mortgage Rates Could Dampen Housing Market Potential and Stall Title Insurance Market Growth," notes that since Election Day in the United States in November 2016, the 30-year fixed-rate mortgage has increased to near its highest level in two years, from approximately 3.55% to a high of 4.32% at the end of 2016. It remained over 4% in early February 2017. To learn more click on the picture below to read the release.