>>514122645
It's more that since the year 2000, especially after 2009, interest rates had been egregiously low, which pumped housing principals. However, the Fed had to slam on the brakes back in 22 and increase interest rates. In theory, higher interest rates, and that's a relative term here, should decrease principals to a level which mirrors serviceable monthly payments. However, too many people overpayed and don't want to take the L.