Housing prices are fairly constant/slowly rising based on payment amount for a 30 year mortgage. The problem is the interest rate has really dropped to crazy lo

Housing prices are fairly constant/slowly rising based on payment amount for a 30 year mortgage. The problem is the interest rate has really dropped to crazy low levels. A few years ago a $1,500 payment meant ~$310,000 purchase price, today that same payment is ~$350,000. The drop in interest rates is responsible for a majority of the recent price increases for the vast majority of the country outside the most in demand cities in the country.