How do interest rate impact the American Dream
Tyler Ryan learns about the rise of the interest rate's impact on buying and selling houses
COLUMBIA SC (WOLO)-“Motion causes emotion,” says SC Dream Home’s Clay Vassey of the change in the interest rate on home loans. Vassey’s reference to the recent one point increase in the rate, from 3.5 percent to 4.5 percent, in a very hot real estate market. “There were about 3,000 new home builds last year,” he says, noting the geographical location…


