Quantifying Higher Mortgage Rates’ Effect on Housing Affordability

Over the past few years, historically low mortgage rates have played a major role in boosting both home sales and refinance activity in Texas. In a short time, however, those rates climbed quickly and took a big bite out of housing affordability.   Data collected by the Consumer Finance Protection Bureau quantify some of the changes […]The post Quantifying Higher Mortgage Rates’ Effect on Housing Affordability appeared first on Texas Real Estate Research Center.