&gt;As a matter of economics, the value of something doesn&#x27;t (or shouldn&#x27;t) depend on how easy it is to get financing for that thing.<p>When interest on mortgages shrinks the house prices will become inflated. In fact it&#x27;s smarter to buy a house durng a time of high interest at 400k and later refinance with a lower interest rate than to buy the same house for 800k at a low interest rate without posibility of even cheaper refinancing.