Friday, June 1, 2012

Home Affordability Pushed Higher as Rates Fall

Home Affordability Pushed Higher as Rates Fall
For the fifth week, fixed-rate mortgages reached new all-time lows. The 15-year fixed-rate mortgage dipped below 3 percent, settling into uncharted territory, according to Freddie Mac’s weekly mortgage market survey. Thirty-year fixed-rate mortgages also reached new record lows, continuing to stay under 4 percent and pushing home buyer affordability even higher.

No comments:

Post a Comment