Goldman Sachs "Will Higher Rates Put Out the Housing Fire?"

Will the Fed have to Hike Rates more than currently expected?

Goldman Sachs economist Ronnie Walker put out a research note this morning titled: “Will Higher Rates Put Out the Housing Fire?"

Walker discusses the recent sharp increase in mortgage rates and writes:

“Standard economic models suggest that an increase of that magnitude should weigh substantially on housing, the most interest rate-sensitive segment of th…