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You can get much less house for the same monthly mortgage payment now then you could before rates went up. The small decline in home prices doesn't offset the m
by bluefishinit 3y ago
You can get much less house for the same monthly mortgage payment now then you could before rates went up. The small decline in home prices doesn't offset the much higher monthly payment you have to pay now. People are constrained by how much they can afford to pay every month, not the overall amount they have to borrow.