Chart: https://fred.stlouisfed.org/graph/?g=GMT0
Formula used: https://www.wallstreetmojo.com/mortgage-formula/
Fred formula:
a = Median Sales Price of Houses Sold for the United States (MSPUS)
b = Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCSL)
c = 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US)
a/b * (c/100/12) * (1+c/100/12)^(30 * 12) / ( (1+c/100/12)^(30 * 12) - 1)
PS: Similar could be said for everything (e.g. stocks). Buying an overvalued asset using debt might be cheaper than before.
Chart: https://fred.stlouisfed.org/graph/?g=GMT0
Formula used: https://www.wallstreetmojo.com/mortgage-formula/
Fred formula:
a = Median Sales Price of Houses Sold for the United States (MSPUS)
b = Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (CPIAUCSL)
c = 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US)
a/b * (c/100/12) * (1+c/100/12)^(30 * 12) / ( (1+c/100/12)^(30 * 12) - 1)
PS: Similar could be said for everything (e.g. stocks). Buying an overvalued asset using debt might be cheaper than before.