Not true, I am 65 years old and don’t remember ever seeing interest rates below 6 percent until recently.
I swear I remember mortgages in Arkansas at the 4% level int he 60’d.
fightenJAG-Yhe low interest rates will spur NEW HOME sales. The LTV is okay on new construction. It lowers the heck of the value of existing homes in the area but it keeps people working. If I remember correctly, there are something like 27 businesses tied directly to the building of each house.
Refinancing will not be affected in most parts of the country because of LTV. Sadly new homes purchased a year or two ago have gone down in value and can’t be refinanced without bringing money to the table.