Rates on 30-year mortgages are climbing fast, but aren't yet topping a key affordability metric, according to UBS Global Wealth Management.
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Groceries, gasoline and housing prices have shot higher in recent months, squeezing household budgets and grabbing the attention of U.S. central bankers looking to tamp down a four-decade-high inflation rate.
How high do mortgage rates need to rise before it’s time to worry about red-hot housing taking too big a bite out of American paychecks?
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