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…
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