[quote=DWCAP]I dont know there is one. Interest rates are a very small part of the overall demand equation of housing. Basically, most people only care about interest rates once they are already about to buy.[/quote]
Agreed. The people for whom the interest rate is paramount are also likely the ones who either know they’re paying too much for the property to being with, or who don’t really know what they’re doing at all. The price of the property is far more important. For me, getting a low interest rate was just icing on the cake. I’d pay 8 or 10% (or whatever) if I was comfortable with the price, but I wouldn’t pay 3% if I wasn’t comfortable with the price.
