...rates hiking up nearly a full percentage point over the past few months, Fitch insists ""affordability in total is still attractive."" ""While borrowing rates may somewhat decrease the customer base,...
Read More »Search Results for: Affordability
September Sees Slight Uptick in Purchase Applications
...very low in an historical context and affordability is favourable,"" Diggle said. On the other hand, ""It is also possible that new buyers are now resigned to the fact that...
Read More »Study: One-Third of Americans Unlikely to Qualify for a Mortgage
...a 30-year fixed-rate loan, even if they offered a higher down payment of 15-25 percent. ""Despite all-time high levels of affordability in the housing market, tightened lending standards mean that...
Read More »Mortgage Rates Plunge to Lowest Levels in Months
...""These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated."" Declines were just as drastic in ""Bankrate.com's"":http://www.bankrate.com/ weekly national...
Read More »Existing-Home Sales Rise to Highest Pace in 6 1/2 Years
...inventory is limiting choices in many areas, higher mortgage interest rates mean affordability isn├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ót as favorable as it was, and restrictive mortgage lending standards are keeping some otherwise qualified buyers...
Read More »What do Rate Hikes Mean for Origination Volume?
...environment in which rates continue rising (absent meaningful economic recovery), affordability concerns would drive down activity. If, however, rates rise as a sign of economic growth, FBR anticipates purchase originations...
Read More »Analysts: Recovery Slowing to Sustainable Track
...the cheap side, with the National Association of Realtors' Affordability Index suggesting the median household has 178 percent of the income required to buy a median-priced home. ""Of course, should...
Read More »NAR Examines Homeownership Rates by State
...New York at the bottom were California (with a rate of 54.0 percent), Nevada (56.2 percent), and Hawaii (56.7 percent). ""Affordability has a strong impact on homeownership,"" Fears wrote. ""Not...
Read More »Analyst: Affordability High Despite Rising Prices, Interest Rates
...valuations and affordability is not an exact science. Nevertheless, after calculating valuations and affordability in a number of different ways, a picture emerges of housing being at worst fairly valued...
Read More »Housing Affordability Dips to Four-Year Low in Second Quarter
...City, California, where affordability is just 19.3 percent, in contrast to Ogden-Clearfield, Utah--the most affordable major market--where affordability is 92.8 percent. Ogden-Clearfield has topped the affordability chart for the past...
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