That's a great point. I was curious about his as well so I did some simple calculations and wrote about it. Your intuition is correct, and if you look at median mortgage payment relative to median income, owning is about as affordable as its been since we started collecting data. There's a huge difference in mortgage payment based on interest rate:

> To put that into perspective, a $100k 30 year fixed rate mortgage would cost you $1,543/mo at 18.45% and only $442/mo at 3.38%.

Points up front is also lower now than it has been historically. I think low rates definitely fueled home prices and of course there are neighborhoods that are exceptions

https://mleverything.substack.com/p/buying-a-home-in-the-us-...