#53 Are The High Interest Rates Cancelling Out Any House Price Drops?
The Mortgage Man - A podcast for everyone with or wanting a mortgageShow Notes
We always hear "I'm going to wait until house prices drop before I buy"
The problem is, that for house prices to drop, the cost of money has to go up. The cost of money, also known as interest rates are the highest we've seen since 2008.
Does this higher interest rate cancel out any house price drops?
We've done the maths and although it does in some cases, it's pretty clear that there is not one size fits all and there are some very clear takeaways in this current market situation.
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