By December rates were under 4%, setting the stage for all the years that followed.
ref: http://mortgage-x.com/general/national_monthly_average.asp?y...
Is that not when housing prices started continuously increasing?
https://fred.stlouisfed.org/series/CSUSHPINSA
There are some nuances that supersede this point but I've run out of steam and lost the thread I was following.
By December rates were under 4%, setting the stage for all the years that followed.
ref: http://mortgage-x.com/general/national_monthly_average.asp?y...