4Q18 Excerpt: No Housing Debacle Ahead

Excerpt from the 4Q18 Witten Advisory:  The “double-barreled blitz” of rising mortgage rates and solid increases in home prices should result in waning homeowner affordability.  Home appreciation reached nearly 6% over the past year, while mortgage rates rose by 60 bps, pushing principal and interest payments up almost 14%.  Double-digit P&I increases should continue through…