posted by icelocsgirl on .
Can someone please check my homework for me?
· Write two paragraphs about how interest rates affect our purchasing decisions.
· Identify the topic sentence in each by underlining it.
· Post your paper as an attachment.
Interest rates affect the buying of homes in real estate. The lower the interest rate the more buyers, especially in real estate. Lower interest rates also allow buyers to qualify for more expensive homes. However, this can affect buyers because it can cause prices to be higher on demand.
Interest rates may affect your buying whether high or low. High interest rates will eliminate the amount of purchasers in the market place, causing more availability for buying. Some say that higher interest rates would be good in the housing market. Prices would be lower, and make repayment of the mortgage easier.