Housing Affordability U.S. home affordability has hit record lows. Home prices are at record highs, and while mortgage rates have come down from their highs (and are expected to come down further), many prospective homebuyers feel shut out of the market. So when will the market finally turn? Light at the End of a Long…Read more
Estimated reading time: 3 minutes Hoist the House China made big moves this week in an effort to stimulate its struggling economy. Some of the measures policy makers included allowing consumers to refinance at lower mortgage rates, a new Rmb500 billion ($71 billion) asset swap facility to support the domestic stock market, a Rmb300 billion ($43 billion)…Read more
Estimated reading time: 3 minutes Rate Relief Last week, the Federal Reserve cut its federal funds rate for the first time in more than four years. For anyone in the market to buy a home, this was an important development as the Fed’s key interest rate is a driver for mortgage rates. So will this mean America’s…Read more
