The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (759)	9/4/2001 4:26:46 PM
From: J. P.	Read Replies (2) of 306849

What would be the effect on the real estate market of upticks in interest rates to 8.5% - 9% for a 30 year mortgage? Would the effect be profound, or would it be a simple leveling off? Would refinancing grind to a halt? Would the demand for the high end real estate grind to a halt because of the prohibitively high interest rates on the principle?

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