Do you know anyone in a “Situationship?” You know, a romantic or sexual relationship that is not considered to be formal or established? People in many varying degrees of relationships buy homes together, and using multiple incomes has become arguably more important in recent years. The math is not hard. The “average” person has a student loan, or a car loan, or credit card debt, or all three. Throw in interest rates around 7 percent, homeowner’s insurance of possibly thousands of dollars, utilities, property taxes, utilities, maintenance, mortgage insurance… you get the picture. Home affordability has deteriorated for several months in a row due to all of those reasons, not the least of which is mortgage rates, sidelining many prospective buyers from entering the housing market. Even the Fed noted it in its Beige Book, saying that “tight credit standards and high interest rates continued to constrain lending growth. Housing demand rose modestly, and single-family construction increased, though there were reports of rising rates impacting sales activity.” (Today’s podcast is found here and this week’s is sponsored by Bundle, the attorney-prepared legal documents company that is dedicated to the real estate, mortgage, and title industries. Fuel your operations and execution of documents from deeds to subordinations to assignments, and everything you need for any order, in one bundled price; receive 20 percent off using the code “Chrisman” at checkout. Hear an interview with Bundle’s Courtney and Frank Dec on attorney prepared documents germane to the mortgage industry.)