what-role-did-low-interest-rates-play-in-the-housing-market-surge-and-crash-duri

Question

What role did low interest rates play in the housing market surge and crash during the Great Recession?

Accepted Answer

They encouraged excessive investment in housing, leading to a bubble and crash.

Answer

They discouraged investment in housing, preventing a bubble.

Answer

They had no impact on the housing market.

Answer

They stabilized the housing market, preventing a crash.