The Importance of Mortgage Rates in the 1970s

It took 40 years for mortgage rates to go from a record high to a record low the record high in 1981 believe it or not was 18.45 percent. The other reason that families were able to buy homes wasn't just that the mortgage rates went down it was that women married women got jobs and and to help their husbands pay the mortgage. Now mortgage rates are not super low anymore there's 7.4 and rising they're going to keep rising because of inflation and supply that's what striving it not growth not jobs but inflation and this enormous supply of bonds that is hitting the market without any buyers so real estate prices have to go down.