we will see how long this type of craziness can continue

3 years ago: average 30-yr mortgage rate was 3.15% and average new home price in the US was $370k. ($74k down payment)

Now: 30-yr mortgage rate averages is 6.5% & average new home price is $500k. ($100k down payment)

and monthly payments have doubled from from $1,270 to $2,550

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