|
Just want to repeat something...
a house price isn't what most ppl buy, they buy a monthly payment - mark those words as interest rates increase, slowly, but shortly
In the US, long term treasury/ bond rates have creeped up, 30 yr fixed have gone up from 3.375% to 4% ish in 1 month... That's one fucking huge effect on affordability - and there are reports that ppl in the states are rushing to buy while they have their fixed rates available from last month. I foresee a small scale hesitation in the US housing market for used homes as rates creep up
|