One crucial cause of the housing bubble was the widespread belief that home prices would continue to rise. Therefore, allowing borrowers to get low mortgage interest rates. The belief was if “borrowers continued to accumulate housing equity and lenders and investors were profitable, mortgage credit was readily available and this
One crucial cause of the housing bubble was the widespread belief that home prices would continue to rise. Therefore, allowing borrowers to get low mortgage interest rates. The belief was if “borrowers continued to accumulate housing equity and lenders and investors were profitable, mortgage credit was readily available and this