How a Worker's Raise Is Finally Beating the Cost of a Mortgage

With mortgage rates still elevated and home prices near all-time highs, it's easy to assume that homeownership is more out of reach than ever. But Lucas and Luna dig into the data: average hourly earnings have climbed 7.2% over the past two years, while the average monthly mortgage payment for a median-priced home has risen only 4.1% over the same period, thanks to a slight cooling in home prices and a dip in rates from their 2024 peak. They break down the math for a typical household earning the median weekly wage of $1,204, compare it to the principal-and-interest payment on a median-priced home with 20% down, and discuss why the affordability squeeze is actually loosening—slowly. Plus, a look at how the recent drop in CPI and wholesale prices could give the Fed room to cut rates further, potentially making mortgages even more manageable later this year. #MortgageAffordability #WageGrowth #HousingMarket #Homeownership #CPI #FederalReserve #InterestRates #MedianHomePrice #EarningsData #CostOfLiving #RealEstate #Economics #FexingoBusiness #BusinessPodcast #WagesAndPrices #LucasAndLuna #HousingCrisis #Affordability Keep every episode free: buymeacoffee.com/fexingo