Updated over 12 years ago on . Most recent reply
Rise in 30 year fixed interest Rates
Hello Everyone,
As you all may know, the 30 year fixed has pretty much sky rocketed to 4.75% or so.
Does anyone know if this will cause prices to drop, continue to increase, but at a slower pace, or flat line?
I know that the higher the rate the lower the buying power and the more expensive the mortgage etc etc.
Thank You!