A recent Zillow analysis suggests that the median-income U.S. homebuyer would need a mortgage rate drop to 4.43% to comfortably afford the median-priced U.S. home with a 20% down payment. In high-cost coastal metros like NYC and LA, even a 0% rate wouldn’t make local homes affordable. However, Midwestern markets are already affordable for median-income buyers.

Zillow economists say an average 30-year fixed mortgage rate of 4.43% is “unrealistic” in the short term. Lower rates or home price corrections won’t happen without a slowdown in economic and income growth. Buyers waiting for big rate drops or price corrections may be in for a rude awakening, according to Zillow analyst Anushna Prakash.

Read more at Yahoo Finance: It’d take an ‘unrealistic’ mortgage rate drop to restore housing market affordability