Quote:
Originally Posted by Johnny199r
In the medium to long term it could help. Rates going up absolutely will lead to lower prices as people won’t be able to borrow such insane amounts to purchase and some people who purchased with 0 wiggle room will have to sell.
|
Correct me if I’m wrong, but don’t most people have to qualify at higher rates anyway? So most people are unaffected in the amount they can borrow even with the change.