4 ms·
Will the fed raising interest rates fix it?
by MichaelRazum 4y ago
Will the fed raising interest rates fix it?
- polski-g 4y agoYes generally an increase in interest rates results in a decline of RE prices.
- MarcelOlsz 4y agoMoving up 1mil and going down 100k doesn't count.
- f1yght 4y agoI would imagine it ends up with a similar monthly payment overall though. If I'm home buying and not paying cash (Almost everyone), then I'm looking at the monthly payment at X%. So if mortgage rates go 3% -> 5% I would guess that what people are willing to pay drops a bit as well. BUT I'm not sure that has happened in practice yet.