Some very crude numbers how much additional home you could get for the same price, but at a lower interest rate.
Code:
Int Rate $2000/mth P&I % Increase
8% $274,384.10 0.00%
7% $302,368.72 10.20%
6% $335,251.14 22.18%
5% $374,115.58 36.35%
4% $420,318.89 53.19%
Yes, it was an unbelievable systemic failure.