Yes, interest
rates play a
significant role, but as Porter and Kavcic point out in their report: «record
low borrowing costs are the most obvious factor behind lofty home prices, [but] the fact that the surge in prices is so heavily concentrated in just two cities (and their environs) means that there are other important factors
at play as well.»
Whether cuLearn is right for you will depend on your personal financial situation, but it might make sense to
at least apply to see if you qualify to
borrow from a credit union since you could potentially save a
significant amount of money in interest if you can get an offer with a
low interest
rate.