Sentences with phrase «continuing affordable mortgage rates»
Not exact matches
Mortgage interest rates continue to hold just slightly above historic lows, making homes very affordable.
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As long as Fannie and Freddie are able to purchase loans, banks and other mortgage lenders will be able to continue to offer mortgages to their clients with reasonable terms and at relatively affordable rates.
Rising mortgage interest rates and continued home value growth helped make mortgages less affordable by the end of 2016 than they've been in half a decade.
The past five years have held some of the most affordable interest rates ever, according to the Federal Home Loan Mortgage Corporation, and their recent forecast predicts the trend will continue for 2018.
«Good options will remain scarce for many would - be buyers because there is still a major lack of affordable homes for sale, prices continue to rise and mortgage rates are heading up,» says Joseph Kirchner, senior economist at realtor.com ®.
«Ongoing job growth continues to fuel demand for housing, while wage growth is helping to offset the effects of rising mortgage rates and keep home prices affordable,» said Robert Dietz, chief economist at the NAHB, in a statement on the Index.
Since the mortgage rates continue to remain at extremely attractive rates it is a prime time for savvy investors to purchase foreclosed homes and multiple unit homes in order to help out their community with affordable rents.
«We're expecting home sales to continue to soar this summer, thanks to low mortgage rates and affordable prices luring buyers into the market.»
Coupled with a lack of available and affordable mortgage financing, delinquencies are surging and foreclosure rates continue to rise.
As the sluggish U.S. economy continues to lag, so does the rise in housing options, with more affordable prices and historically low mortgage interest rates.
«While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017,» says Blomquist.