Mortgage Rates

If by "downfall" you mean big correction downward, then yes. The housing bubble is popping now. Not just because of higher rates, but also because of tightened lending standards.
 
lol

I think sciforums is one of the few places these days where you will still hear people saying the housing bubble has burst/is bursting.

Most things I've read have equated it to a deflating bubble rather than a bursting one.

It was kinda interesting though that in the initial wake of the sub prime "meltdown" mortgage rates actually went down I think. People would expect them to rise though.
 
It's the only thing keeing our economy going, so it makes sense to keep rates low. What's the difference between "deflating" and "bursting" (as it relates to this metaphor)? It seems like one is fast, and one is just slightly slower.
 
I just wonder, how can it keep the economy going? I mean you can only buy a house 1 time before you live there, so like how many people can?
 
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