The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
Briefly

from SFGATE2 weeks ago
"Though home price growth has contributed significantly to declining affordability, mortgage rate growth has exacerbated the issue. While starter home prices climbed 53.7% over the last five years, payments more than doubled due to mortgage rates increasing from roughly 4% to almost 7%."
SFGATEhttps://www.sfgate.com/realestate/article/the-income-needed-in-each-state-to-afford-a-20030985.php
"Falling mortgage rates are crucial to improved housing affordability," she adds.
SFGATEhttps://www.sfgate.com/realestate/article/the-income-needed-in-each-state-to-afford-a-20030985.php
Read at SFGATE
#mortgage-rates #housing-affordability #real-estate #first-time-homebuyers
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