Two charts show how far homeownership is slipping out of reach as mortgage rates skyrocket

Source: Business Insider

Housing experts say high mortgage rates are adding to housing affordability challenges. The Good Brigade/Getty ImagesHigher mortgage rates are making it tougher for people to move or achieve homeownership. The Atlanta Fed examines the income required for homeownership to cost no more than 30% of income.

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Two charts show how far homeownership is slipping out of reach as mortgage rates skyrocket

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