As Interest Rates Rise, Metropoly is Keeping the Doors Open to Invest in Real Estate for Crypto Guys

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With inflation running rampant in the economy, rising interest rates are expected to continue. The US Federal Reserve has been hiking interest rates throughout 2022, causing the price of lending to increase. With higher interest rates, fewer people are likely to take out mortgages at higher costs, which causes a slump in real estate purchases.

Fortunately, one project keeps the doors open for crypto guys to continue investing in real estate. Metropoly is an NFT marketplace that is filled with NFTs backed by real estate. The platform makes it incredibly easy to invest in real estate. It can be done in under 60 seconds with as little as $100; here’s how.

To the dismay of many investors, the US Federal Reserve has been hiking interest rates in 2022 at its most aggressive pace since the early 1980s. The aggressive interest rate hikes have now caused the current rate to be much higher than the 2019 peak as it starts to creep closer to 5%.

Of course, the US Federal Reserve is choosing to increase interest rates to help slow down the rampant inflation within the economy. Unfortunately, inflation causes prices of goods and services to increase, which means your weekly grocery shop becomes much more expensive - even with the same items.

The idea behind increasing interest rates is to make borrowing more expensive to slow down consumption and reduce prices throughout the economy. When interest rates are low, people tend to take out more loans for spending as it costs less. However, with current interest rates rising, fewer people are taking out loans, which also means that fewer people are willing to take out a mortgage.

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