3 ms·
> 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 inter
by 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...