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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (69540)1/14/2022 2:42:17 PM
From: bruwin  Read Replies (1) of 78919
 
Yes, it's not that bad for those who took out fixed mortgage rates, BUT not everyone will have done that because some will have assumed that maybe rates come down so why get fixed in to a rate that may be higher than future rates as one can see in the previous declines in mortgage rates ?

But then we have the new, young married couples who are about to buy their first home and they can just about afford the current home loan rates in the region of 3.5% ....


BUT if the REPO rate to the banks gets to around 9% that doesn't mean they be lending money out at 9%. It could very well be at around 11% to 12%. A young couple could be faced with their monthly repayment costing about 3 times more a month and could make that new home a "pipe dream", PLUS their Cost Of Living will also have gone up by over 7% with the way Inflation is ticking up ........
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