[Alberta's Child]

Huh??? When interest rates DECLINE a home you want to buy will cost you MORE????

On a monthly basis an existing home with a refinanced mortgage will cost you LESS.

But read the numbers I posted carefully. For someone buying a home, the price of the home will end up being HIGHER even if the monthly cost of the mortgage payments -- due to the lower interest rate -- is the same.

[Wuli]

“But read the numbers I posted carefully. For someone buying a home, the price of the home will end up being HIGHER”

Sellers raise prices because buyers can afford bigger mortgages?

On what evidence?