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A comment on Home Price to Income Ratio. Parent comment

Re:Home Price to Income Ratio by sbakzbsmx on Monday September 20, 2021 @08:56PM (#28600905)
Ya, the US has fixed 30 year rates. Interest rates are higher going from a 15 year to a 30 year to price in some of the risk to the bank.

The difference every time I bought a house was about 1%

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Re:Home Price to Income Ratio by mywittyname on Tuesday September 21, 2021 @01:40PM (#28607512)
The difference between a 15- and 30-year mortgage is around one percentage point, or a 30% difference.
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