5 ms·

You can't mention home prices without the interest rate as well. 1999 interest rate: 4.74% 2022 interest rate: 0.08% Source: https://www.statista.com/statisti

You can't mention home prices without the interest rate as well. 1999 interest rate: 4.74% 2022 interest rate: 0.08% Source: https://www.statista.com/statistics/187616/effective-rate-of-us-federal-funds-monthly/ https://www.statista.com/statistics/187616/effective-rate-of...

NDizzle 4y ago
"2022 interest rate: 0.08%" that's not true for 2022 as a whole. Did you mean 2021?!
93po 4y ago
Mortgage rates were around 8% in 1999. They're about 6% now. But it's also a moot point because it doesn't make housing any more affordable when the offset is higher house prices.