As prices, rates rise, affordability falls

Published on Aug 19, 2013

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

The good-deal days in housing are waning as interest rates on 30-year fixed-rate mortgages approach 5 percent and home prices maintain their steady crawl upward, USA Today reported. A majority of housing is still affordable to American households earning a U.S. median income of $64,400, but when rates rise, that relation to housing will shift.

Source: USA Today