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"interest rates are a powerful tool to help control home prices" Unless you're paying cash, most people think in terms of what their monthly payment will be.
by tosser0001 4y ago
"interest rates are a powerful tool to help control home prices"
Unless you're paying cash, most people think in terms of what their monthly payment will be. So driving down the price may not make any particular house any more affordable.
- mrcarruthers 4y agoThere's also the downpayment to think of. While the monthly payments may not have changed all that much, the downpayment certainly has.