Fun fact, no one is doing mortgages anymore. Whilst some smaller companies are doing them, most larger scale companies stopped. So unless you have a pile of cash lying around, expect to be renting for a while until COVID disseappears (read never). One way of forcing people to be perpetual rent serfs
low rates kept activity high in 2020 https://www.globest.com/2021/02/10/low-interest-rates-helped-lending-markets-stay-active-in-2020/ Of course, it kills "savers" where banks pay you diddily point squat on your money you store with them.
Low rates also inflate the price of everything, because people only look at the monthly payment, and not the whole price.
Which is why adjustable mortgages with "teaser" rates were just killers when the last bubble burst.
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