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Are Mortgages Becoming More Affordable?
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.
Keywords: mortgages;
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https://www.stlouisfed.org/on-the-economy/2022/sep/are-mortgages-becoming-more-affordable
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2022-09-08