220 Week 4 F /For WIZARD KIM

Research and answer the following:

What happens to an individual's capacity to borrow as mortgage interest rates fluctuate?

How do extremely low interest rates compare to rapidly rising rates and how do these impact home sales? (Hint: Try to find some data on the web that correlates unit home sales with interest rates).

What happens to home prices as interest rates fluctuate?

What happens to DOM (Days on the Market) - or how long it takes to sell the average home - as rates go up and down?

Review these questions and determine what the historic relationship between interest rates and home ownership is, and how the market is going currently.

250 word minimum, USE THE ATTACHED REFERENCES AS WELL AS OTHER REFERENCES to answer the questions, cite in APA.