[uoaei]

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.

[khalilravanna]

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.