“When remote work is coupled with the reported rise in the importance of affordability, it's not surprising that respondents expressed a greater willingness to live farther from their current location,” noted a Fannie Mae report. “Of course, renters indicated the greatest affordability concerns, as well as a willingness to consider areas farther away from their current location.”
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One-Third of Borrowers Accept First Mortgage Offer
Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.
Read More »Mortgage Rates on the Rise, But Relief on the Horizon
Freddie Mac reports that a decline in purchase activity, combined with increased inventory, will slow home price growth nationwide and give way to much-needed relief for prospective buyers.
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