Date: 2008-02-27 08:12 pm (UTC)
From: [identity profile] rkatsyv.livejournal.com
If the mortgage rates jump 2%, sales will drop. Prices will follow. Why would you want to invest in RE?

Date: 2008-02-27 08:18 pm (UTC)
From: [identity profile] asol55.livejournal.com
arguably, in NY, prices will never quite follow the way you expect them to ;)
just for kicks, look how much more you will have to pay if the fixed rate for a 30yr loan jumps from, say, 6% to 8%.

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