The problem is that for the boomers, taking on lots of debt has worked out smashingly as they levered into a booming (in part due to that leverage) economy. But now we've reached the conclusion of that leveraged boom, and there is no more room to cut interest rates or increase the amount of interest as a percentage of monthly income. Prices can't fall because that would be deflationary and wreck the banks first and foremost through defaults, and everyone else after that.
There is no way out and we have to wait until compound interest, even at these minuscule rates, sparks the default wave that triggers the great deflation, or until the lack of family formation eventually destroys the economies ability to meet the periodic interest payments.
In the meantime, enjoy the ride and try to be nice.