Homeownership Rates Approach 7 Percent

Homeownership rate is 65 percent in the US Okay, and so all of those people are unimpacted by rising interest rates for the most part. So Michael McDonough showed a chart how much home you can buy Assuming 20 percent down payment for 30 your mortgage rate and you want to keep your monthly mortgage at 2,500 bucks a month At the bottom of the interest rate Cycle that was 760 grand or so now it's down to 476,000 again. Here's the other thing sam wrote tweeted this from Oxford economics with 30 year mortgage rates approaching 7 percent We estimate that 18 million fewer households now qualify for a mortgage to buy a median price existing home compared to the end of