Homebuyers aren't ready to be deterred by rising mortgage rates

Last week, rates for a 30-year-fixed mortgage crept up to 4.08 percent, according to the most recent numbers released by Freddie Mac. That’s an increase of a little over half a percent in just three weeks, and the highest rate seen since July of 2015. How will homebuyers react? A Redfin survey in early November asked just that. The majority of homebuyers said that rates were “very important” or “important” in their decision to buy, according to a survey of 2,415 users of Redfin.com who...