Some of this money eventually finds its way into banks, which then make mortgage loans .
Excerpt from:
If Interest Rates Rise…What Happens to Refinance Reality?
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Tags: absolutely-broke, are-quite, before-giving, dream, fannie, FHA, freddie, home-owning, its-way, make-mortgage, money, the-dream
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The prices will fall as the interest rates rise. Another rule when buying in the market is to compare rents of similar properties. What would the rent be for the house? If the rent annual rent is more than 6% of the purchase price then it ... At this point it would be impossible to refinance for any repairs or renovations or to lock in a lower mortgage rate. The builders of new subdivisions have overstocks now as the prices have dived. There could be some good buys if you ...