They have money, the low moneyed people are a lot more on the margin.
To high moneyed people home prices are no big deal (well mostly).[/quote]
by high end, maybe I meant higher end….not ridiculously rich high end.
I was thinking about homes in the $1million+ range. I would think now that 30year is going up, that those folks that need larger loans for these homes are going to have a more difficult time with rate increases…
Plus I would be surprised if $1million+ homes would be FHA approved versus some of the cheaper homes…
