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anonymous

  • one year ago

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

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  1. anonymous
    • one year ago
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    will give medal!!!!

  2. Bigbosssaint21
    • one year ago
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    http://www.investopedia.com/articles/pf/07/mortgage_rate.asp

  3. iwanttogotostanford
    • one year ago
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    because the value goes up

  4. Bigbosssaint21
    • one year ago
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    When more people are trying to pay mortgages ( payments ) on houses than whoever owns the house usually increases the interest because the people living there will be willing to pay a bit more to keep a house that alot of other people want now

  5. iwanttogotostanford
    • one year ago
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    when value goes up, prices go up- economics- supply and demand

  6. anonymous
    • one year ago
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    I have more can u guys help?

  7. Bigbosssaint21
    • one year ago
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    CAAAN!!!

  8. anonymous
    • one year ago
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    ok!

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spraguer (Moderator)
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