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Strategies & Market Trends : Value Investing
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To: bruwin who wrote (69538)1/14/2022 1:53:44 PM
From: Madharry  Read Replies (1) of 78921
 
I won't affect people who already took out fixed rate mortgages but it will affect consumers who may have to rethink financing new purchases. there is a difference between finance a $75000 car or $800,000 home at 3 % or 9%. that is really the mechanism by which raising interest rates slows down inflation. if people have to pay 2.5% for a mortgage or 4% for a mortgage will not matter too much.
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