Question

why do interest rates on home mortgages increase when demand for housing increases

Answer 1

will give medal!!!!

Answer 2

http://www.investopedia.com/articles/pf/07/mortgage_rate.asp

Answer 3

because the value goes up

Answer 4

When more people are trying to pay mortgages ( payments ) on houses than whoever owns the house usually increases the interest because the people living there will be willing to pay a bit more to keep a house that alot of other people want now

Answer 5

when value goes up, prices go up- economics- supply and demand

Answer 6

I have more can u guys help?

Answer 7

CAAAN!!!

Answer 8

ok!