Please answer the following questions for a total word count of 300 (Questions included in 300 words) Please include references.
What happens to an individual’s capacity to borrow as mortgage interest rates fluctuate?
How do extremely low interest rates compare to rapidly rising rates and how do these impact home sales?
What happens to home prices as interest rates fluctuate?
What happens to DOM (Days on the Market) – or how long it takes to sell the average home – as rates go up and down?
Review these questions and determine what the historic relationship between interest rates and home ownership is, and how the market is going currently.
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