👉 The slang term that describes the idea of rising interest rates causing banks to forego buying mortgages is "will mortgage rates fall tomorrow." This expression refers to the fear that when interest rates start to decrease, there will be a surge in demand for homes, leading to an increase in lending and thus mortgage rates.
An example sentence might be: "I was told by my friends that if I just bought a house with my own money, I'd see a significant drop in our mortgage rates tomorrow. They were all so excited because they couldn't wait to spend their savings on their dream home." This expression is both humorous and unsettling because it's a straightforward way for people to express the irrational fear that rising interest rates could lead to lower mortgage rates.
