Low Mortgage Rates Could Hurt First-Time Home Buyers for Years To Come

SFGate, July 16, 2020–Clare Trapasso
“Prior to the pandemic, we did see homeowners’ mobility trending lower over the last few years. We’d also seen an increase in home improvement spending,” says Joel Kan, an economist with the Mortgage Bankers Association, a trade group. “Low rates could play a part in this increased homeowner tenure.”