https://www.stlouisfed.org/on-the-economy/2022/sep/are-mortgages-becoming-more-… Created Thu, 08/09/2022 - 19:30 Updated Thu, 08/09/2022 - 19:30 U.S. households with preexisting mortgages have loan payments that are fixed. Wage growth means they spend a smaller share of income on housing