Housing Perspectives (From The Harvard Joint Heart For Housing Research)
The latest hike briefly-time period interest rates by the Federal Reserve Board has raised issues about what rising rates of interest mean for consumer borrowing, notably how they will affect the demand for house improvement loans. Long-term interest rates have been trending down for the previous decade, and many homeowners who need to borrow to finance a house improvement project had one other appealing and readily available possibility: they might refinance their principal mortgage to reap the benefits of decrease charges, and concurrently pull out a few of their fairness by growing the mortgage quantity on their low-curiosity, mounted-charge, first mortgage.
This is a fantastic change from the old formulation of Tim does something that annoys Jill, she will get mad, Tim makes it worse, Wilson units him straight, and Tim and Jill make up. Sure, there are nonetheless some episodes alongside these lines, and even when the main target … Read More