U.S. housing affordability amazingly good

In many markets “” including Washington DC, California’s Inland Empire, Las Vegas and Phoenix “” paying for a mortgage is less expensive than renting.

An increase in U.S. mortgage interest rates, of course, would quickly make U.S. home ownership less amazingly affordable.

If you can get a mortgage loan and you want to move, this could be your time. (Click on graph below.)

From Credit Suisse via HousingWire.