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re: When do interest rates rise
Posted on 7/20/16 at 12:44 pm to stevengtiger
Posted on 7/20/16 at 12:44 pm to stevengtiger
quote:
Not to the extent of 2008 but I think its happening. Once rates go up, the less house someone can afford and will drag home prices lower.
The good news is that far fewer people are in homes that they can't afford as compared to 2008. Housing pricing would likely flatten or decline, but there won't be the number of people in negative equity or number of foreclosures.
This post was edited on 7/20/16 at 12:49 pm
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