If I am given a lower home loan rate, I will be very happy because it will lower the monthly repayments for me. What about you? Would you be happy as well? I am sure you would. However, if the question is would I buy another property because the rates are now lower, I am not so sure. Perhaps I would increase my viewing activities so that I could eventually identify a good property to buy.
Lower mortgage rates to drive up property transactions. Does this work?
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