Flux Capacitor
Active Member
Home buyers feeling fearless
Broadcast Date: Feb. 26, 1981
Mortgage rates keep creeping up in 1981, but buyers are not discouraged; in fact, they're charging into mortgages at rates of 15 per cent and more. Potential buyers feel pessimistic that rates will get any better, so they're taking a gamble and buying fast, before things change. In some cases, they're buying without a second thought. "They just decide that they have to buy a house and they don't pay any attention to the rate," says one real estate agent.
http://archives.cbc.ca/economy_business/banks/clips/16441/
Broadcast Date: Feb. 26, 1981
Mortgage rates keep creeping up in 1981, but buyers are not discouraged; in fact, they're charging into mortgages at rates of 15 per cent and more. Potential buyers feel pessimistic that rates will get any better, so they're taking a gamble and buying fast, before things change. In some cases, they're buying without a second thought. "They just decide that they have to buy a house and they don't pay any attention to the rate," says one real estate agent.
http://archives.cbc.ca/economy_business/banks/clips/16441/