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Americans’ money doesn’t go as far as it once did in the housing market. Krakenimages.com / Shutterstock.com
Editor’s Note: This story originally appeared on Point2. This end of the year brought the highest fixed mortgage rate in decades — and, with it, a tough question to answer: How much can we afford to spend on a home anymore? For those playing the waiting game and hoping for a better housing market on the horizon, a daunting realization has set in: Last year’s income would have bought more…
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