Quote:
Originally Posted by JMintzer
As has been said, Interest rates affect the sales of the home they're selling in order to move to TV.
If they can't sell their home, it can make buying a new home in TV more difficult...
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There is a shortage or re-sale homes just about everywhere and unless they are trying to get way above market price they are selling very fast, The interest rates are holding back sellers, not buyers. For 30 years,1970 to 2000, 7% was a good rate to have on a 30 year mortgage, well below the average for that period, 3% was a temporary situation and most likely will never be back.