Discussion Post
• What happens to an individual's capacity to borrow as mortgage interest rates fluctuate?
• How do extremely low interest rates compare to rapidly rising rates and how do these impact home sales? (Hint: Try to find some data on the web that correlates unit home sales with interest rates).
• What happens to home prices as interest rates fluctuate?
• What happens to DOM (Days on the Market) - or how long it takes to sell the average home - as rates go up and down?
• Review these questions and determine what the historic relationship between interest rates and home ownership is, and how the market is going currently.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.