ilmscore | Prediction Details
"if mortgage rates go down what would that do to home prices what would that do to the housing market well if home prices go down we know that home buyers would probably like it at the beginning at least because now instead of paying a 7% mortgage you might be able to get a 4% mortgage hypothetically and so a home buyer would say oh this is great I can finally enter the housing market again and get a more affordable mortgage but then what ends up happening is well if you have a lot of buyers entering the Home Market you would see home prices also rise because now you have a lot of buyers competing for those same homes and so home prices start to rise"
By Minority Mindset | July 3, 2024 | Pending
From video
Housing Prices Just Broke A NEW Record High 00:02:10 - 00:02:46
Interpreted Prediction
If mortgage rates decrease, it could initially make homes more affordable, but increased buyer demand could lead to a subsequent rise in home prices.

Prediction Details

Topic
Housing Market

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