Quote:
Originally Posted by GregWeld
I totally disagree with the "hypothetical" discussion of houses going DOWN when rates rise. The historic "norm" proves that to be incorrect assumption. They won't go rising to the stratosphere like they did with the artificially low rates we have now... and most like what you'll see (which I've seen in my own personal history) is that as the rates go higher --- you'll just adjust your dream house DOWN the scale -- so your monthly will be higher for a less desirable home.
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That is a nice anecdotal piece and I don't disagree, however, interest rates and home prices are for the most part inversely connected over time. It's not perfect, but it does largely follow that "hypothetical."
