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Are Mortgages Becoming More Affordable?

Author

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  • Juan M. Sanchez
  • Olivia Wilkinson

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.

Suggested Citation

  • Juan M. Sanchez & Olivia Wilkinson, 2022. "Are Mortgages Becoming More Affordable?," On the Economy 94830, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:l00001:94830
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    Keywords

    mortgages;

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