It did not become particularly easier to qualify for new mortgages over the past five years the way it did in 2004-2008. Nominal prices accelerated, yes, but ra

It did not become particularly easier to qualify for new mortgages over the past five years the way it did in 2004-2008. Nominal prices accelerated, yes, but rates were around 2.5%. Generally speaking people who are in mortgages are able to afford them because they're on fairly decent terms and lent to people who are capable of paying. But nobody is selling if they're going to need a new mortgage.