“Interest rates are hard to predict. So what are the influencers for the next 12 months and where are they likely to be heading?”
Interest rates are one of the most important factors affecting the residential property market.
When rates rise, the amount borrowers can afford to pay for a property falls and if rates rise too high, owners with a large mortgage may be forced to sell.
Right now we have the opposite scenario, with rates falling to one of their lowest levels since everyone was listening to that new English group, The Beatles.
So if interest rates are low, the market is undoubtedly going to keep rising, right? Let’s take a look. Read More