[kabar]

Once interest rates go up, the debt servicing costs for the USG will rise and the prices of houses will decline.

[grania]

Every time the interest rates don't go up, the debt ceiling is raised AGAIN and there is no discipline applied to federal spending

There's no way outta' here

[cuban leaf]

The best time to buy a house is when interest rates are high. The reason is simple:

People don’t buy a price. They buy a mnthly payment. When rates are high, home prices are low. When rates then go down, prices go up AND you can refinance. Both put the homeowner in a better position.

BTW, if the FED had increased the rate, the veil would have been lifted and t would have been obvious what kind of shape our economy is REALLY in. The house of cards would have collapsed.