Increased interest rates makes the cost of debt financing (borrowing) more expensive and this can help cool off prices such as discouraging zombie-companies, i.e., unprofitable companies who are able to “pay a credit card off with another credit card”, but also discourages people from easily...
For 35 years, Jeffer Mangels Butler & Mitchell LLP has provided clients with results—successfully resolving cases, closing deals, protecting assets, and adding value. - Martin H. Orlick