Home Sweet Loan
The Effects of Low-Interest Rates on Major Appliance Sales
By Natalie Hope McDonald
According to the National Association of Home Builders (NAHB), annual sales of new homes totaled 976,000 units last year, with average selling prices reaching $227,500. The NAHB predicts that as home loan rates decrease over the next year, new home sales will grow with fixed interest rates forecast at a low 6 percent. For major appliance retailers, it means that among new home owners, more money is being pooled for big-ticket items.