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Zillow paid too much. Tapering isn't going to have a material effect on new mortgages or home sales.
by datavirtue 5y ago
Zillow paid too much. Tapering isn't going to have a material effect on new mortgages or home sales.
- onlyrealcuzzo 5y agoDo you think lower interest rates had no effect on prices? Or do you think it did - but that raising rates for some reason won't have an effect?
- toomuchtodo 5y agoYes, they did, but they could’ve still come out ahead if monetary policy wasn’t about to significantly shift and the carrying costs were reasonable. Rising interest rates is absolutely going to have an impact on home values and mortgage rates. What it does to home transaction velocity is yet to be seen.