Tuesday, 2 March 2021 | The Latest Buzz for the Appraisal Industry

Despite Record-Low Rates, Homes Are Not Entirely Affordable

Interest rates on 30-year mortgages are at historic lows, but that hasn’t helped make homes any more affordable for the average American, according to the Federal Reserve Bank of Atlanta’s Home Ownership Affordability Monitor (HOAM) index. Household incomes have dipped, and home prices have risen all over the country. In fact, the median household income at …

The post Despite Record-Low Rates, Homes Are Not Entirely Affordable appeared first on DSNews.

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