#homebuyer-affordability
#homebuyer-affordability

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Homebuyer affordability worsens in January

Homebuyer affordability continues to decline due to high prices and volatile mortgage rates, affecting purchasing power.

Mortgages are becoming less affordable, as indicated by increased PAPI index across many states.

Mortgage rates may improve towards 6% if mortgage spreads decrease.

Current mortgage spreads are at 234 basis points above the 10-year treasury yield, still high compared to long-term averages.

Homebuyer affordability continues to decline due to high prices and volatile mortgage rates, affecting purchasing power.

Mortgages are becoming less affordable, as indicated by increased PAPI index across many states.

Mortgage rates may improve towards 6% if mortgage spreads decrease.

Current mortgage spreads are at 234 basis points above the 10-year treasury yield, still high compared to long-term averages.

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