Interest rates up house prices down
Could stock market volatility cause house prices to fall? and it’s easy to get into bidding wars that can drive up prices. meanwhile, low interest rates have arguably allowed home prices Housing prices were skyrocketting due to factors outside of just interest rates. Now housing prices are dropping and interest rates have gone up 25 bps with a few future expected rises. It doesn't answer your question but, it could be equal payment, but it could also not. Depends how much prices go down and what interest rate you take. Besides, buying a property should generally be regarded as a long-term investment and, even if there is a short-term price drop, house prices will probably stabilise in the future. ‘Mortgage rates are incredibly low right now and many will want to fix into a low rate to give themselves security during this period of uncertainty.