[Dubya]

Last year, Jim Gaines of Texas A&M found that increases in taxes, insurance and utilities could have a bigger impact on housing affordability than changes in interest rates.

[SaxxonWoods]

“Last year, Jim Gaines of Texas A&M...”

My God, you are going to listen to Aggies now?

Bwahahahaha!

By the way, a rise in the foreclosure rate is only important when taken in the context of total percentage of home stock in foreclosure. The “rate” can go up by a big scary looking number without hurting things much at all if the actual percentage of home stock in foreclosure remains low.