Dip in Home Affordability, But
Posted by Affordable Utah Housing
Housing affordability nationwide creeped lower once again, as home prices continue to 
outpace incomes, according to the Monthly Housing Affordability Index. Nevertheless, price gains are slowing and mortgage rates are hovering near yearly lows, which is helping to keep homes more affordable to the average family.
All though Mortgage Rates Make Biggest Jump of the Year, Mortgage rates were on the rise this week, with fixed-rates making the biggest one-week leap so far this year, Freddie Mac reports in its weekly mortgage market survey. Fixed-rate mortgages are now at the highest level since the week ending May 1, see rates.
The median single-family home price in July was $223,900, rising 5.1 percent year-over-year.
- See more at: http://www.affordableutahhousing.com/blog/1215148/4551112/Dip-in-Home-Affordability--But#sthash.z4yCF8xy.dpufHousing affordability nationwide creeped lower once again, as home prices continue to
Dip in Home Affordability, Butoutpace incomes, according to the Monthly Housing Affordability Index. Nevertheless, price gains are slowing and mortgage rates are hovering near yearly lows, which is helping to keep homes more affordable to the average family.All though Mortgage Rates Make Biggest Jump of the Year, Mortgage rates were on the rise this week, with fixed-rates making the biggest one-week leap so far this year, Freddie Mac reports in its weekly mortgage market survey. Fixed-rate mortgages are now at the highest level since the week ending May 1, see rates.
The median single-family home price in July was $223,900, rising 5.1 percent year-over-year.
- See more at: http://www.affordableutahhousing.com/blog/1215148/4551112/Dip-in-Home-Affordability--But#sthash.z4yCF8xy.dpufHousing affordability nationwide creeped lower once again, as home prices continue to
Housing affordability nationwide creeped lower once again, as home prices continue to
outpace incomes, according to the Monthly Housing Affordability Index. Nevertheless, price gains are slowing and mortgage rates are hovering near yearly lows, which is helping to keep homes more affordable to the average family. The median single-family home price in July was $223,900, rising 5.1 percent year-over-year. All though Mortgage Rates Make Biggest Jump of the Year,
Mortgage rates were on the rise this week, with fixed-rates making the
biggest one-week leap so far this year, Freddie Mac reports in its
weekly mortgage market survey. Fixed-rate mortgages are now at the
highest level since the week ending May 1, see rates.
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