If mortgage rates rise in 2015, will house prices drop? - OC Housing News
invite response
2014 Dec 21, 11:32pm 1,446 views 2 comments
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1
bubblesitter
2014 Dec 22, 12:16am
bubblesitter
2014 Dec 22, 12:16am
Well, if every one(except buyer!) involved in a RE transaction want to keep the prices inflated, rates should not and will not rise.
2
Tenpoundbass
2014 Dec 22, 5:56am
Tenpoundbass
2014 Dec 22, 5:56am
I would like to hope that we will finally get to a point where people realize they are making 100,000 more over 2 to 3 years than they were the previous three years. And wont really sweat that $100K lost in equity. Both wages and home prices will only go up from there.
http://ochousingnews.com/blog/mortgage-rates-rise-2015-will-house-prices-drop/
If mortgage interest rates move up, either house prices will fall or sales volumes will fall unless wages go up significantly.
Source: http://ochousingnews.com/blog/mortgage-rates-rise-2015-will-house-prices-drop/#ixzz3MdnxANE9
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