Mortgage rates, while they are still low, continue to slowly rise, but this could help the housing market, one analyst from CNNMoney suggests.
In one area, the increase in mortgage rates may force people who have been on the edge to finally buy a house. Also, it could suggest more risky borrowers are being offered credit following tighter years of lending standards, the article says.
With economic prospects improving, rates could rise even higher this year. This increase could mathematically make buying a home more expensive, but it's unlikely to stall the housing recovery. To the contrary, higher rates could actually support it.