There&#x27;s no question that it&#x27;s a major factor. Even well-heeled individuals&#x2F;couples don&#x27;t take out mortgages on the order of $800,000 if they don&#x27;t get minuscule rates on the order of ~3%. Banks wouldn&#x27;t be able to hand out those rates for spans of ~30 years unless the government gives them access to cheap money and guarantees the loan.