HOME AFFORDABILITY FINALLY IMPROVING…
Lower interest rates and stabilized home prices are having a positive impact on housing affordability.
The overall outlook on mortgage interest rates remains pretty encouraging. Rates are hovering in the low 6% range, with some lenders offering loans with rates well below 6%. And with the Federal Reserve expected to lower the fed funds rate this month, mortgage rates could drop even further.
The combination of the available listing inventory at its highest level in four years and lower interest rates could make this fall a great time to purchase a home…
