Sentences with phrase «relatively affordable mortgages»

The initial intention was to provide low - cost housing and relatively affordable mortgages to the veterans returning from overseas.

Not exact matches

Unlike California and Seattle, he said, the relatively low home prices in Portland, combined with still low mortgage rates, make the area quite affordable for younger buyers.

And even though home prices in Minneapolis are the third highest on this list, mortgages are still relatively affordable.

This could be due to slightly more affordable mortgages, as well as other draws for millennials such as a strong labor market — unemployment is below the national average at 3.7 percent — and relatively high incomes for people in that age group, according to a Zillow analysis.

While current mortgage rates are low and therefore mortgage loans are relatively more affordable, borrowers that pay attention to their comfort level may find their search leads to a more affordable solution.

Relatively low mortgage rates and more affordable home prices in some housing markets are creating renewed interest in homeownership, especially among young renters who are tired of seeing their rent costs rise every year.

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.

Across many large, thriving markets, home values have rebounded so quickly that even though monthly mortgage payments are relatively affordable, saving for a 20 percent down payment that often reaches into the tens of thousands of dollars even for a modest home is out of reach for many.

But because Bremerton isn't part of the Greater Seattle market, some borrowers seeking even relatively affordable homes may need to do some potentially costly mortgage gymnastics to make their home purchase in and around Bremerton work.

Consumers are drawn to these mortgages because of the relatively low initial monthly payments they offer which makes them affordable.

Mortgage interest rates should rise gradually to 5.5 percent by the end of the year and average 6.0 percent in 2012 — still relatively affordable by historic standards.

Home ownership remains an attractive option, as monthly mortgage payments are relatively affordable compared to market rental rates.

While historically low mortgage rates in the U.S. have been the silver lining in today's competitive housing market, keeping monthly payments relatively affordable even as home prices reached new peaks - but that's all changing.

«While recreational property mortgages are still relatively new to the market, a product like this provides an easy and affordable way to start a whole new string of family traditions.»