![Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high](https://cdn.newsserve.net/ONPglobe256.png)
Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high
A new housing development in Waldorf, Maryland. Benjamin Tankersley/Getty Images Americans need to spend nearly half of their income to afford a home as mortgage rates soar, a market expert said. "US housing affordability is worse today than the peak of the last housing bubble," Charlie Bilello…
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