One problem with lowering the cost of capital is when you have to raise it. That's the overly simplistic issue pitting prospective homebuyers against a market with a chronic lack of supply.
Mortgage rates may not be high by historical standards. But compared to the last 15 years, many would-be homebuyers are priced out. As of April 14, the 10-year Treasury note shows no signs of relief. It acts as a spread for the 30-year fixed mortgage.
