I don’t have much to add to the title, so I will leave it at that.
Oh actually one thing I want to note: the 30-year mortgage (per FRED) averaged 6.1% in September, so that’s what’s reflected in the monthly payment related charts. As of last week, the mortgage rate was up to 6.9%. So that’s going to put further upward pressure on monthly payments, unless rates drop pretty hard at this point.
OK, carry on. Charts below.