What does the unemployment rate mean to your house value?
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There's been some talk about how an increased unemployment rate is bad, but look at how it's good.
- If you're buying a home, the monthly carrying cost of your mortgage just got cheaper
- If you're selling a home, your buyers' purchasing power just got bigger
- If you're remortgage a home, your mortgage rates just fell
- If you bought a home in the last two years, mortgage rates are probably lower now than when you bought
The more unemployement there is, typically the higher the salaries for people who are employed, also, it means there are more people transitioning to other jobs. (not all unemployed people are truly 'unemployed')
I'm no economist, but this right here puts a smile on my face.
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Response: interest ratesamazing interest rates information. -
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Response: remortgageFind everything on remortgage.
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