This Is Why Homes Are Now Even Less Affordable for Most Americans

Barron’s, Oct. 10, 2018–Avi Salzman
The 5% level isn’t just a psychological barrier. A one-percentage-point rise in rates can cost a buyer hundreds of dollars a month, a shock for those who have gotten used to rates of 4% or less for years. And it may already be having an impact. (MBA mention)