How was it possible for interest rates to stay low globally for such a long period?

We had a long period of low interest rates with low inflation. Inflation was quite stable over this period, with the exception of housing inflation (which is not included in the CPI data).
Im referring to the period between 1995-2007

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When thinking about buying a house do you first look into getting a mortgage or first find a house?

I’m thinking about buying a townhouse or condo this year and taking advantage of low interest rates and the 8k from the government. I’m a few years out of college so never owned a place.

I really dont know where to start. Do I first find a house and then look into a mortgage or do I first look into a mortgage to get an idea what I can be approved for and if I even can be approved?

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