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The mortgage industry is also subject to the influence of principles of demand. When home prices and or interest rates are low demand for houses and loans to buy them increases as more buyers are induced to enter the market and purchase a home. When more prospective homebuyers attempt to enter the market, mortgage lenders and bankers will give more loans to those buyers to make home ownership possible...
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When more prospective homebuyers attempt to enter the market, mortgage lenders and bankers will give more loans to those buyers to make home ownership possible. When home prices and or interest rates are high demand decreases as the number of prospective buyers drops and consumers leave the market and delay the decision to purchase until prices are more competitive...
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