Vast majority of aspiring homeowners say they cannot afford the American dream

DFW housing and macro econ analyst Amy Nixon explains what the spike in mortgage rates means for the housing market on ‘Making Money.’ Owning a home has long been considered the main pillar of the American dream, but the vast majority of aspiring homeowners in the U.S. say they simply cannot afford it. A new survey released by Bankrate Wednesday found 78% of would-be homebuyers cited…