Mortgage Rates Predictions - You Need To Know The Mortgage Rate History To Make Predictions
Posted on June 5, 2008 - Filed Under Business | Leave a Comment
Mortgage rates have had a great impact on the history of the economy. When we see rates spike, the amount of money people are willing to invest in real estate and other large ticket items typically goes down. When there is less money being invested in real estate or other large value purchases, there is usually a slow down within the economy.
When they drop or are in the lower end of the spectrum people have more money and they are willing to invest in real estate or other large ticket items and this in turn helps to stimulate the economy. Typically this is not an immediate shift. It takes several months for the market to adjust.
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