An interesting study here, Mortgage Ratios for first time buyersThe main trends are:A rise in mortgage to incomes ratio from 1.86 in 1979 to 3.39 in 2007 Q3. There has been a faster increase since 1998 from 2.38 to 3.39, just 9 years later.Rise in Interest payments as a % of income. In the past [...]
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[Source: Mortgage Blog]
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