Tag Archives: Low mortgage rates

According to Fannie Mae's Economic and Strategic Research Group expectations for Q1, the increase in the sales pace from the end of 2022 to the beginning of 2023 revealed that homebuying demand remains buoyant and was unexpectedly responsive to small declines in mortgage rates.

A recent report reveals that monthly mortgage payments for U.S. homeowners have hit record lows. What factors are preventing prospective homebuyers from making this first step toward homeownership?