Capitol Report: Americans are rushing to get ahead of rising mortgage rates

Consumer sentiment has surged since the November election, as Americans become increasingly optimistic about the future of the economy and their own personal finances.

But most consumers seem to understand that better economic growth comes at the cost of higher interest rates. According to data out Friday, that may be nudging them into the housing market.

In the University of Michigan’s closely-watched consumer sentiment survey, the number of people who said that now is a good time to buy a home because of rising mortgage rates surged to the highest level in more than 20 years – one in five.

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