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A comment on Nearly 8M Americans have fallen into poverty since summer. Parent comment

Re:Nearly 8M Americans have fallen into poverty since summer by uoaei on Wednesday December 16, 2020 @01:50PM (#25446667)
Interest rates don't mean anything if the down payment (or requirements for a loan) are still high for new buyers.

Interest rates only matter if you already have money. Most people don't.

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Re:Nearly 8M Americans have fallen into poverty since summer by khalilravanna on Thursday December 17, 2020 @08:58AM (#25455586)
Requirements are pretty low for loans. I have a friend with not too much income who secured one. I myself was able to get a house with something like 5% down which on a house in Texas was like ~$10k.

Lower interest rates equate to a noticeably lower monthly payment so I wouldn’t toss it out completely as a factor.

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