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 Americans face 7%+ mortgages, 4.2%+ inflation, and a 30% weaker dollar than in 2020. The basic American life now costs about 40% more income than it did in 2001

See also The Average Monthly Mortgage Payment Is Up 44 Percent To $2,005, But American Families Are Paying Even More For Health Insurance