Tag Archives: fixed mortgage rate

The path to homeownership is becoming increasingly challenging for Americans nationwide, but how much can potential homebuyers afford to spend on a home in today's market? A new Point2 study showed that the median home price is now twice what the average buyer can afford, posing even more financial barriers for those seeking the American Dream.

After a short stint of increases, see how rates changed among fixed-rate mortgages (FRMs) and Treasury-indexed adjustable rate mortgages (ARMs).