"Homebuyer affordability" refers to the ability of a person or family to purchase a home without facing financial strain or difficulties. It means finding a home that fits within their budget and allows them to make mortgage payments comfortably, without overstretching their finances.
Full definition
Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, showing mortgage rates easing to new all - time record lows for all products covered in the survey helping to
keep homebuyer affordability high.
Freddie Mac recently released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing mortgage rates largely unchanged from the previous week helping to keep
homebuyer affordability high, refinancing strong and should continue to aid the ongoing housing recovery.
For now, mortgage rates are still quite low by historical standards, helping to
support homebuyer affordability as the spring home buying season ramps up.»
«For now, mortgage rates are still quite low by historical standards, helping to support
homebuyer affordability as the spring home - buying season ramps up.»
It's important to note that this data measures momentum looking ahead the next 12 months, and capitalizing on that momentum requires that builders and developers offer new homes congruent
with homebuyer affordability levels.
Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing fixed mortgage rates at or near their all - time record lows, helping to
keep homebuyer affordability high.
Freddie Mac recently released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing fixed mortgage rates easing slightly and remaining near record lows to keep
homebuyer affordability high and attractive to those looking to refinance.
First - time
homebuyer affordability in July increased a percentage point to 115.75 from last month's 114.70 percent.
First - time
homebuyer affordability in March decreased to 126.49 percent.
First - time
homebuyer affordability in April increased to 129.90 percent from last month's 126.79 percent.
First - time
homebuyer affordability in May decreased to 121.56 percent from last month's 129.90 percent.
First - time
homebuyer affordability in May increased to 170.94 percent.
Regardless, mortgage rates still remain near the historic lows helping to keep
homebuyer affordability high, and providing a strong incentive for those looking to refinance.
«Low mortgage rates are a welcome sign for those in the market to buy a home this spring season and will help to support
homebuyer affordability,» says Len Kiefer, deputy chief economist at Freddie Mac.
First - time
homebuyer affordability in January increased to 178.07 percent from last month's 172.31 percent.
First - time
homebuyer affordability in February dipped a fraction to 193.14 percent from last month's 194.36 percent.
First - time
homebuyer affordability in April decreased to 156.70 percent from last month's 158.99 percent.
First - time
homebuyer affordability in October increased to 183.78 percent from last month's 178.67 percent.
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homebuyer affordability in August decreased to 100.97 percent.
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homebuyer affordability in September decreased to 115.02 from last month's 115.49 percent.
First - time
homebuyer affordability in September decreased to 115.02 percent.