Thursday, July 7, 2016

Fewer home sales or lower prices sure to follow higher mortgage interest rates

In the absence of rising wages, when mortgage interest rates go up, one of two things will happen: either sales will fall, or prices will fall. Since we don’t have a free market in housing, sales will fall and remain depressed for a very long time.

Assuming a consistent payment, higher...
http://ochousingnews.com/blog/fewer-home-sales-or-lower-prices-sure-to-follow-higher-mortgage-interest-rates/

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