Higher Interest Rates

Buyers in 2009 have benefitted from lower home prices and lower interest rates, but rising oil prices from earlier this year and the fear of higher inflation may cause a sudden change in interest rates. Could this put a hamper in the slowly recovering housing market?

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One response to “Higher Interest Rates

  1. Any time someone talks about consumer fears, it seems to put a hamper on everything. The housing market always suffers the most. Why commit to such a large purchase that will require, in most cases, dedicated payments over time when there is any uncertainty about your money in the future and how the current economy may affect your pocket book.

    Less media is the solution. If people relied on their own instincts, common sense, ability to plan, and independence from being told how it is and instead determining how it actually is for themselves, they may make more decisions about purchasing on their own.

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