How does paying more for something that should be less get explained as controlling inflation?
Because if borrowing costs are lower people will borrow more to buy more stuff. In a free market economy (ie without price controls) more money chasing fewer goods will cause inflation.
I agree that residential mortgage rates should be reduced as this should improve supply and reduce rents in the log term with everyone getting a fair shake of the dice but once you have lived here for any length of time you realize that the economy is terribly slanted toward making a section of society filthy rich at the expense of others.