Home Ownership Affordability Hits 18-Year Low Despite Lower Mortgage Rates

Reported 27 days ago

As US mortgage rates fall to an 18-month low, home ownership affordability has dropped to an 18-year low, mirroring levels from 2006, according to data from the Federal Reserve Bank of America. This raises questions about whether the American Dream of owning a home remains attainable for most prospective buyers.

Source: YAHOO

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