Tagged: Housing Affordability

They represent 45% of the market, up from 37% last year.

Fannie Mae's monthly HPSI report showed its seventh straight month of declines, approaching a drastic low.

Intense housing competition and soaring house prices prompted buyers to double their down payments.

Redfin reports that nine of the 10 housing markets holding up best are either in the Midwest or on the East Coast.

MBA, however, says the recent stretch of modest affordability improvement likely hit a speedbump this month, as mortgage rates rose above 6%.

As mortgage rates hit 5.89%, it takes 35.51% of median income to pay monthly principal & interest.

Zillow says homes sold at or near $1 million shrank by nearly 500 square feet, a new low for 2022.

The committee will focus on FHFA’s regulated entities like Fannie Mae, Freddie Mac & Federal Home Loan Banks.

Potential homebuyers can use the Home Swap interest-free home-equity advance to increase their down payment and lower their mortgage rates.