Harvard’s estimates assume a down payment of 3.5 percent on a 30-year fixed rate mortgage, and that buyers would spend no more than 31 percent of their income on mortgage payments. They also assume a median-priced house valued at $659,161 in the Greater Boston metro area, which covers most of eastern Massachusetts and southern New ...

A buyer on a $2,500 budget can afford a $400,000 home with a 6% mortgage rate—that’s compared to a $517,000 home with a 3% mortgage rate (NASDAQ: RDFN) — A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled, ...