Tag Archive: mortgage affordability

RBC released its quarterly housing affordability report last week. Once again, it overstated mortgage un-affordability relative to prior decades (aspreviously noted). But it did have some points worth pondering. Among them: “Mortgage rates increasedfor a fifth straight quarter and accounted for the entire” drop in [RBC’s] affordability measure, the bank said. With rate-hike expectations dropping like a stone, our sense...