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Sublight2097 Sublight2097
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8 years ago
Think of the interest rate as the "price" of a home loan. Other things constant, if people expect interest rates to rise significantly over the next couple months, their willingness to purchase a home financed by a mortgage today will tend to
A) rise.
B) fall.
C) remain unchanged.
D) do any of the above because home purchase decisions are independent of interest rates on mortgages.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
The textbook reference in your signature really helped me narrow it down.

Happy to help Wink Face
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