Housing affordability is badly stretched.

Housing Affordability Index (NAR)

Affordability: 105.60 — The affordability index is 106 — the median family barely qualifies for the median home.

Mortgage Debt Service · % of income

Debt service: 5.92% — The mortgage-payment share of disposable income is 5.9%, up 0.2 points from a year ago.

Mortgage Delinquency Rate · banks

Delinquency: 1.89% — Just 1.9% of mortgages are delinquent — homeowners are keeping up.

30-Year Fixed Mortgage Rate

30-yr mortgage: 6.52% — 30-year mortgages are at 6.52% — high enough to keep affordability stretched.