: How high do mortgage rates need to climb before it’s time to worry? Above 5.75%, says UBS.

Groceries, gasoline and housing prices have shot higher in recent months, squeezing household budgets and grabbing the attention of U.S. central bankers looking to tamp down a four-decade-high inflation rate.

How high do mortgage rates need to rise before it’s time to worry about red-hot housing taking too big a bite out of American paychecks?

It…