Friday, July 29, 2011

Will your business be affected?

If the Federal Government defaults on its debt obligations and the cost of borrowing goes up, will this affect your business?

Comment
Comment by Gina White | Friday, July 29, 2011, 12:39
Absolutely! Consumers are receiving all sorts of mixed messages with regards to the real estate market as it is. A greater increase in the cost of borrowing will make the goal of homeownership even more difficult to achieve.
Comment
Comment by Diane H DeLauro | Friday, July 29, 2011, 14:49
Should interest rates rise considerable it will reduce the number of eligible borrowers for home ownership. High interest rates will also impact home prices. The housing market does not need to take any more hits at this time considering there is still a substantial number of foreclosures to take place in the next 12 months through out the country.

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