Mortgage rates were 7% in 1997, too—here’s why buying a home feels more expensive today
Even at the same mortgage rate, buying a typical home today eats up a much bigger share of household income than it did 30 years ago.
Even at the same mortgage rate, buying a typical home today eats up a much bigger share of household income than it did 30 years ago. This story matters for Finance & Markets readers tracking trade. Reported by cnbc.com. Read the full original at the source link below.
Originally reported by cnbc.com. Trade-News.com curates and briefs the finance & markets stories that matter. Our editorial policy →
Get the daily trade signal