Why would anyone do that? If people cannot afford rates then housing prices would go down.
If there is a recession, people will not be able to afford homes and the prices would go down.
The only reason home values are still high for the simple fact that you point out. They want to lock in the interest rates before the fed hikes them. I think this is silly since I would rather buy a cheaper home in the first place.
People making under 45K per year can't even afford to rent homes.
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