Rising rates will obviously send monthly payments higher, but they'll also affect the market in a more unusual way: They're going to hurt all-cash investor purchases of housing, which have been a boon to the most distressed markets.
Backers of a move to add utility bills into home-loan considerations say it will boost energy conservation and create lots of jobs that can't be exported.
In a sadly unusual move, the federal government shops around simplifications to important loan documents by asking the public to pick a winner from among two designs.