Will millennials benefit from historically low mortgage rates?

The answer…Maybe. Mortgage rates are at near-record lows as many millennials are hitting their 30s — the age when many people traditionally become homeowners. Low rates are unlikely to increase millennial homeownership rates, which are about 8 percent lower than past generations, according to analysts. Though most millennials have now entered peak household formation and homebuying years, they are becoming homeowners later and at lower rates.