Mortgage affordability has worsened coast-to-coast, rising to 30.2% nationwide. New data from Zillow reveals that housing affordability is now the worst it has been in several years, leaving many households cost-burdened.
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The Hidden Costs of Mortgage Payments and Affordability
While each homeowner’s total cost is different, of course, examining broad categories of homeowners and analyzing their costs, can provide insights into the drivers of housing affordability. Here’s what a new study by Fannie Mae reveals.
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