Are Mortgages Becoming More Affordable?

Juan Sanchez and Olivia Wilkinson

On the Economy from Federal Reserve Bank of St. Louis

Abstract: U.S. households with preexisting mortgages have loan payments that are fixed. Wage growth means they spend a smaller share of income on housing.

Keywords: mortgages (search for similar items in EconPapers)
Date: 2022-09-08
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