Quote:
Originally Posted by manaboutown
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It’s all about affordability. With home mortgage interest rates at record lows, more people can afford to buy (and bigger and more expensive).
IF interest rates take off to 6 or 8% there will be many priced out of the mortgage market because they can’t meet the monthly mortgage payment for the home they want to purchase.
I have mixed feelings on the future of interest rates. But a return to normal rates would have a negative impact on demand.