Mortgage Rates Are Low, So Why Isn’t Homeownership More Affordable? The Conundrum of Cheap Money
Huffington Post, May 23, 2016–Woellert, Lorraine
It’s never been cheaper to borrow money, and that includes home loans. Mortgage rates have been falling all year and are flirting with historic lows. That’s made homeownership more affordable for some people, but not nearly as much as you’d think.