Interest rates aren’t what’s slowing home and auto sales, price is.
Trump should announce statehood for Canada because then we'd need no trade deal....LOL
Depends.....
I feel that your typical person who has cash to spend then I might agree. However, the typical American who borrows money for for purchases are looking at monthly payments (interest driven) not the price. This is evidenced by people who bought larger homes than they would normally have because they could afford the payment at a low interest rate such as 3%. (i.e. could have bought a home for $300K but went for the $400K+ home because they could afford the payment at low interest rate). The one thing that always annoyed me when looking at car at a dealer the first questions they would ask is "how much do you want to spend per month?". Welp sir, I don't want to spend a GD penny, I want you to give me that car. But I acknowledge the question was geared towards people who were looking at monthly payment....damn the price of the car...I don't need to know the price....just tell me the payment. Us Americans are sad spectacles when it comes to finances.