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How the mortgage market is stopping some Americans from buying homes

12:57
Wed, May 25 20227:00 AM EDT

For decades, Americans have relied on mortgages to purchase a home. But experts say that several aspects of today's mortgage market including cost, the lack of small-dollar loans and lender bias have all greatly hindered Americans from owning their own property.

Editor's note and correction: A previous version of this video misstated the percentage of national mortgages issued in 2019 below $100,000. The Urban Institute is recalculating its proprietary data after an error was discovered. A similar analysis from the National Association of Realtors shows that the 2019 figure was 8.4%.