The end of a long-term decline in interest rates will trigger a resurgence of the second-lien market and alter the mortgage market in other areas as well, according to a working paper published by the Urban Institute. How much mortgage rates will rise is unclear, but the 35-year secular decline in interest rates is over, author Laurie Goodman maintained in her preliminary study, “The Impact of Higher Interest Rates on the Mortgage Market.” Goodman, co-director of UI’s Housing Finance ...