Rising home prices are taking a toll on today’s home buyers. For the first time in 4 quarters — and despite falling mortgage rates — home affordability is sinking.
Tag Archives: Home Affordability
Home Purchasing Power Jumps To New Highs
With mortgage rates down to all-time lows, you can buy a lot more home for your money these days. Home affordability is at an all-time high.
Mortgage Payments Fall To All-Time Lows
Today’s mortgage rates are a bargain as compared to just 1 year ago.
30-Year Fixed Rate Mortgage Rates Fall To 3.78% Nationwide
For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows.
Home Affordability Reaches New High In Q1 2012
Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
Make A Mortgage Rate Plan Ahead Of The Jobs Report
Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don’t know in which direction they’ll move.
Mortgage Rates Fall Back Below 4%
After a brief run-up two weeks ago, mortgage rates are back below 4 percent.
Mortgage Rates Climb Sharply After Retail Sales Report
The U.S. economy is expanding, fueled by a renewed consumer optimism and increased consumer spending.
With Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow
If you have plans to buy a home in 2012, the best time to buy may be now. Today’s mortgage rates are low and so are the home prices — a combination that’s unlikely to last.
Home Affordability Still Tops Nationwide
The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. Nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of $64,200.