Hacker News Reader

There would absolutely still be mortgage lenders without artificially low federal funds.

I manage a fund in Canada that does exactly that. We have a pool of investors, and lend out on mortgages only. Primarily in markets larger institutions won’t touch.

> would absolutely still be mortgage lenders without artificially low federal funds

30-year fixed-rate mortgages for middle earners are a policy creation, not a natural market creature.

30 year fixed rate mortgages aren’t available in Canada. Most have the interest rate adjusted every 3-5 years

Moneylenders have always existed when legal.

Hard to argue that a 50% price reduction is less affordable. Ever heard of owner-financing?