If mortgage rates fell to 0 percent ("free money"), why might consumers still hesitate to borrow money to buy a home?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section: Chapter Questions
Problem 26AA
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If mortgage rates fell to 0 percent ("free money"), why might consumers still hesitate to borrow money to buy a home?

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