The Paradox of Higher Mortgage Rates: Why Homeowners May Be More Resilient Than We Think

Housing costs make up approximately one-third of the Consumer Price Index (CPI) and are undoubtedly a major expense for most households each month. One measure within the CPI housing component is Owners’ Equivalent Rent (OER), which attempts to capture the cost of owning a home. This approach to quantifying homeownership is questionable not only because [...] The post The Paradox of Higher Mortgage Rates: Why Homeowners May Be More Resilient Than We Think appeared first on ETF Trends .