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Interest rates don't mean anything if the down payment (or requirements for a loan) are still high for new buyers. Interest rates only matter if you already ha
by uoaei 6y ago
Interest rates don't mean anything if the down payment (or requirements for a loan) are still high for new buyers.
Interest rates only matter if you already have money. Most people don't.
- khalilravanna 6y agoRequirements are pretty low for loans. I have a friend with not too much income who secured one. I myself was able to get a house with something like 5% down which on a house in Texas was like ~$10k. Lower interest rates equate to a noticeably lower monthly payment so I wouldn’t toss it out completely as a factor.