Currently viewing the tag: "Home Affordability"

First Time Home Buyer Rates Dropping

On March 11, 2011 By

It’s been a great few days for buyers in terms of .

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Home Affordability Drops as Mortgage Rates Increase

On March 8, 2011 By

Home affordability hit an all-time high during the end of 2010. It’s been a completely different story since. Home affordability is a function of really only three things: home values, mortgage rates and the median income.

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Home Affordability Peaked Last Quarter; Purchasing Power Sinks 10%

On March 8, 2011 By

Home affordability reached an all-time high in 2010′s last quarter. Unfortunately for home buyers, it’s been a different story since, however.

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Mortgage Rates Unchanged…Then Very Changed

On January 5, 2011 By

If unemployment moves lower, it is usually will mean that home values and mortgage rates move higher. If that’s the case, home affordability figures should drop from these unprecedented levels.

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Record Levels of Home Affordability…Last Quarter

On December 9, 2010 By

Low mortgage rates and low home prices drove home affordability to all-time lows last quarter.

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Are We Looking At A Seller's Market?

On December 7, 2010 By

Low mortgage rates and low home prices have spurred buyers back into action. A “pending home sale” is an existing home under contract to sell, but not yet closed.

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The Reality of "Current Mortgage Rates"

On December 3, 2010 By

Mortgage rates are moving quicker than the news can accurately report them. This week’s Freddie Mac mortgage rate survey is an excellent example.

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Historical Low Mortgage Rates Aren't Permanently Low

On December 2, 2010 By

Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.

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Great Week For Housing Data

On October 28, 2010 By

Why buy? Over the life of the loan, a 4.5% mortgage rate costs $43,000 than a 5% mortgage rate on a $400,000 loan.

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Homebuilder Confidence Ticks Higher

On October 20, 2010 By

It’s a beautiful cycle, until the economic growth creates higher mortgage rates and home prices. As compared to a year ago, the 30 year fixed rate mortgage is lower by 0.75% or $90/month on a $200,000 loan. It has created historically unprecedented levels of home affordability.

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