Millennials Put Home-Buying on Hold After Last Year’s Rate Hike

Will more interest rate hikes this year turn millennials off to buying a home?
A sizable share of millennials recently surveyed by TransUnion decided to put off buying a home after learning of the interest rate hike in 2016, with 42 percent reporting that the raise in rate influenced their plans.
The key interest rate, which was increased one-quarter percentage point in December and again in March, indirectly leads the movement of mortgage rates. Mortgage rates, though still at historic lows, so