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ScottieTrojillo ScottieTrojillo
  • 24-08-2015
  • History
Answered

Why do interest rates on home mortgages increase when demand for housing increases

Verified Answer :

derequinho
derequinho derequinho
  • 24-08-2015

The higher the demand, the more expensive anything gets

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TheBlueFox
TheBlueFox TheBlueFox
  • 03-12-2019

Interest rates on home mortgages increase when demand for housing increases because that means the economy is strong. When you have a strong economy, prices tend to increase. If the demand for housing goes up, so will the demand for money "interest rates."

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