4 ms·
When interest rates are low, prices are high, and when rates are high, prices are low. It's fairly straight-forward. Your payment works out about the same. Y
by snarfy 12y ago
When interest rates are low, prices are high, and when rates are high, prices are low. It's fairly straight-forward. Your payment works out about the same. You should buy when rates are high and prices are low because you can renegotiate the rate later. You can't renegotiate the price.
Rates are still pretty low now, and thus I continue to rent.
- b_emery 12y ago> When interest rates are low, prices are high, and when rates are high, prices are low. The data says otherwise: "“There’s no strong correlation between interest rates and home prices,” ... The bottom line is other factors (like a stronger economy) have a bigger impact on house prices than changes in mortgage rates." [1] [1] http://www.calculatedriskblog.com/2013/06/house-prices-and-mortgage-rates.html http://www.calculatedriskblog.com/2013/06/house-prices-and-m...
- gutnor 12y agoWell it depends how good the rental rate is or how much good your investments are or how different is the increase in rental rate vs house value ... That's where the calculator is useful.
- imjk 12y agoMakes sense on the surface, but historically this hasn't been true.