New York to Seattle Buyers Feel Pinch of Rising Rates: Mortgages

... according to data released this week. The biggest pinch is being felt in expensive markets such as Seattle and New York, where budgets already were stretched, leading to a more uneven national recovery. Contracts to buy previously owned homes fell ...

http://washpost.bloomberg.com/Story?docId=1376-MSBBHG1A74E901-3GJ51ONFAE77ANU56GJU3KEHJS