Home Affordability Drops To A Record 35-Year Low According To Black Knight Inc

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In: New Home Mortgage News

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With the typical rate for a 30-year fixed mortgage ascending to 5.89% this week, the most significant level starting around 2008, home affordability has tumbled to another 35-year low, Dark Knight Inc. said Thursday. The mortgage innovation and information supplierContinue Reading

Addressing the Home Affordability Crisis

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In: New Home Mortgage News

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Home affordability in the United States has dropped to its lowest level in 13 years, a recent data states that the median household compared to 2008, now needs close to 32% more income to cover mortgage payments. According to theContinue Reading