Big banks and mortgage companies attach stringent criteria and high interest rates to loans I think actual data would show that the past 20 years or so have se

Big banks and mortgage companies attach stringent criteria and high interest rates to loans I think actual data would show that the past 20 years or so have seen the least stringent mandates and lowest interest rates in US history. When I bought my home, interest rates were double what they are now, and 20% down payments were standard (any less typically required private mortgage insurance).