US 30-year mortgage rates have hit 7.29%

The cost of a mortgage payment has risen 57% over the past two years, whereas household income has only grown 9%. This level of affordability is typically not sustainable: https://t.co/SwtLfrB2Mc

— Reef Insights (@ReefInsights) April 24, 2024

See also Mortgage costs hit 2724 dollars a month up 82 percent from pre pandemic levels, It sits 72 percent higher than 2007 bubble peak.