In October 2019 the growth of wages was higher than mortgage rates for the first time since 1972. The US Department of Labor stated that the average hourly earnings for non-supervisory and production workers rose 3.8 percent over October of 2018. The average 30 year fixed mortgage rate was about 3.7 percent in October of 2019. (A year ago the rate for 30 year fixed rate mortgages was about 4.9 percent.) This information was from Bloomberg in 12-6-19 Bossler, Matthew and was reported by Florida Realtors.