As Mortgage Rates near 7%, Home Affordability Declines in January

As Mortgage Rates near 7%, Home Affordability Declines in January

With the average 30-year mortgage rate creeping back towards 7%, home affordability declines.  According to the Mortgage Bankers Association’s most recent report, the median purchase application amount was $312,000, and the average payment was up 2.3% in...