Yes a benefit to developers, because they know they can charge more because buyers will get qualified easier for a bigger loan when the interest rates (payment) are relatively low. If interest rates were up around the more historically average 6-7%, I couldn't believe that the housing prices would be anywhere near what they are right now, because affordability would be much much lower and developer wouldn't be able to sell.
I just got approved for a 3.5% interest on a new home, rates are still extremely low.
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"The engineer is the key figure in the material progress of the world. It is his engineering that makes a reality of the potential value of science by translating scientific knowledge into tools, resources, energy and labor to bring them into the service of man. To make contributions of this kind the engineer requires the imagination to visualize the need of society and to appreciate what is possible as well as the technological and broad social age understanding to bring his vision to reality."
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